Afarak Group SE 2020 AR2
The report highlights Afarak Group's performance during the challenging fiscal year 2020, which was heavily impacted by the COVID-19 pandemic and low ferro-chrome prices. Operationally, the company experienced lower sales and production volumes, leading to the reclassification of its South African Mogale operations under business rescue as a discontinued operation. Despite these difficulties, Afarak continued to prioritize safety, achieving zero workplace fatalities and maintaining its commitment to its 'Zero Harm' policy. The group also focused on cost-cutting initiatives to improve EBITDA margins and continued supporting local communities in South Africa and Turkey.
Company: Afarak Group SE
Sector: Manufacturing
Country: Finland
Year: 2020
Type: AR2
Pages: 168
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Afarak Group SE
Annual Report
The report highlights Afarak Group's performance during the challenging fiscal year 2020, which was heavily impacted by the COVID-19 pandemic and low ferro-chrome prices. Operationally, the company experienced lower sales and production volumes, leading to the reclassification of its South African Mogale operations under business rescue as a discontinued operation. Despite these difficulties, Afarak continued to prioritize safety, achieving zero workplace fatalities and maintaining its commitment to its 'Zero Harm' policy. The group also focused on cost-cutting initiatives to improve EBITDA margins and continued supporting local communities in South Africa and Turkey.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Workplace Fatalities
Employees