Afarak Group Logo

Afarak Group

ISIN

FI0009800098

Ticker

AFAGR

Sector

Materials

Sub-Industry

Diversified Metals & Mining

Country

Finland

Year Founded

1985

About Afarak Group

Company Description

Afarak Group is a chrome mining and minerals producer focused on delivering sustainable growth with a speciality alloys business in southern Europe and a ferroalloys business in southern Africa. The Company is listed on NASDAQ OMX Helsinki (AFAGR) and the Main Market of the London Stock Exchange (AFRK).

Afarak produces a diverse range of chrome products which are sold exclusively through its sales and marketing division, Afarak Trading, to customers operating worldwide in the stainless steel and steel sectors, including the automotive, aerospace and power generation industries. Afarak also exports raw chrome ore directly to China.

Served Area

Europe and Africa

Headquarters

Kaisaniemenkatu 4
100, Helsinki
Finland

Financial statements

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Line item in (eur) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Assets N/A 142,593.00 146,350.00 159,758.00
Noncurrent Assets N/A 113,130.00 91,946.00 94,550.00
Property Plant And Equipment N/A 61,617.00 38,471.00 38,976.00
Goodwill N/A 42,105.00 46,029.00 48,720.00
Intangible Assets Other Than Goodwill N/A 6,232.00 5,548.00 5,239.00
Deferred Tax Assets N/A 2,916.00 1,766.00 654.00
Other Noncurrent Financial Assets N/A 260.00 132.00 961.00
Current Assets N/A 29,463.00 54,404.00 65,208.00
Inventories N/A 13,464.00 13,292.00 24,734.00
Trade And Other Current Receivables N/A 14,901.00 34,825.00 28,056.00
Cash and cash equivalents N/A 1,098.00 6,287.00 12,418.00
Equity And Liabilities N/A 142,593.00 146,350.00 159,758.00
Equity 29,806.00 29,806.00 43,439.00 104,787.00
Issued Capital N/A 23,642.00 23,642.00 23,642.00
Retained Earnings N/A -188,860.00 -176,170.00 -122,081.00
Share Premium N/A 25,223.00 25,223.00 25,223.00
Other Reserves N/A 65.00 39.00 31.00
Equity Attributable To Owners Of Parent N/A 27,536.00 44,240.00 105,707.00
Noncontrolling Interests N/A 2,269.00 -801.00 -920.00
Liabilities N/A 112,786.00 102,911.00 54,971.00
Noncurrent Liabilities N/A 80,808.00 59,249.00 33,733.00
Noncurrent Provisions For Employee Benefits N/A 23,359.00 20,619.00 11,988.00
Other Longterm Provisions N/A 11,390.00 11,671.00 12,207.00
Deferred Tax Liabilities N/A 11,437.00 9,182.00 9,111.00
Other Noncurrent Financial Liabilities N/A 34,589.00 17,749.00 404.00
Other Noncurrent Nonfinancial Liabilities N/A 33.00 28.00 23.00
Current Liabilities N/A 31,978.00 43,662.00 21,238.00
Other Shortterm Provisions N/A 179.00 266.00 274.00
Trade And Other Current Payables N/A 14,529.00 18,890.00 15,420.00
Current Tax Liabilities Current N/A 2,545.00 3,744.00 3,754.00
Other Current Financial Liabilities N/A 14,725.00 20,762.00 1,790.00
Line item in (eur) 01.01.2020/
01.01.2021
01.01.2020/
01.01.2022
01.01.2021/
01.01.2022
01.01.2022/
01.01.2023
Revenue 59,805.00 N/A 80,256.00 198,691.00
Other Income 1,333.00 N/A 3,633.00 2,641.00
Changes In Inventories Of Finished Goods And Work In Progress 43,514.00 N/A 55,260.00 120,850.00
Employee Benefits Expense 15,432.00 N/A 16,139.00 18,416.00
Depreciation And Amortisation Expense 2,626.00 N/A 2,086.00 1,297.00
Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss 21,515.00 N/A -2,968.00 157.00
Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss 21,515.00 N/A -2,968.00 157.00
Other Expense By Nature 6,243.00 N/A 6,550.00 8,319.00
Profit Loss From Operating Activities -28,192.00 N/A 6,822.00 52,293.00
Finance Income 8,548.00 N/A 6,725.00 4,279.00
Finance Costs 12,804.00 N/A 10,669.00 7,385.00
Profit Loss Before Tax -32,448.00 N/A 2,878.00 49,187.00
Income Tax Expense Continuing Operations -4,804.00 N/A 2,268.00 4,475.00
Profit Loss From Continuing Operations -27,644.00 N/A 610.00 44,712.00
Profit Loss From Discontinued Operations 6,073.00 N/A 8,396.00 2,885.00
Profit (loss) -21,571.00 9,006.00 9,006.00 47,597.00
Profit Loss Attributable To Owners Of Parent -17,672.00 N/A 9,161.00 47,716.00
Profit Loss Attributable To Noncontrolling Interests -3,899.00 N/A -155.00 -119.00
Line item in (eur) 01.01.2021 01.01.2022 01.01.2023
Profit (loss) -21,571.00 9,006.00 47,597.00
Adjustments For Income Tax Expense -4,803.00 2,268.00 4,475.00
Adjustments For Finance Costs 4,047.00 3,944.00 3,106.00
Adjustments For Decrease Increase In Inventories 7,191.00 564.00 -11,169.00
Adjustments For Increase Decrease In Trade Account Payable 1,616.00 5,569.00 -5,276.00
Adjustments For Depreciation And Amortisation Expense 23,773.00 -882.00 1,454.00
Adjustments For Provisions 585.00 416.00 398.00
Adjustments For Sharebased Payments 60.00 -112.00 -67.00
Other Adjustments For Noncash Items -1,702.00 -939.00 102.00
Adjustments For Losses Gains On Disposal Of Noncurrent Assets 6,244.00 3,275.00 -347.00
Interest Paid Classified As Operating Activities -2,939.00 -2,703.00 -1,739.00
Interest Received Classified As Operating Activities -85.00 450.00 -14.00
Income Taxes Paid Refund Classified As Operating Activities -1,703.00 2,584.00 3,625.00
Cash Flows From Used In Operating Activities -4,415.00 13,125.00 31,209.00
Purchase Of Property Plant And Equipment Classified As Investing Activities -958.00 836.00 1,682.00
Purchase Of Intangible Assets Classified As Investing Activities 47.00 -17.00 -84.00
Cash Receipts From Repayment Of Advances And Loans Made To Other Parties Classified As Investing Activities 48.00 0.00 0.00
Cash Flows From Used In Investing Activities -863.00 -819.00 -1,598.00
Proceeds From Borrowings Classified As Financing Activities 3,215.00 7,905.00 2,183.00
Repayments Of Borrowings Classified As Financing Activities -3,749.00 11,525.00 27,103.00
Payments Of Lease Liabilities Classified As Financing Activities -193.00 49.00 81.00
Other Inflows Outflows Of Cash Classified As Financing Activities 2,002.00 -3,207.00 1,555.00
Cash Flows From Used In Financing Activities 1,275.00 -6,876.00 -23,446.00
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes -4,002.00 5,430.00 6,165.00
Effect Of Exchange Rate Changes On Cash And Cash Equivalents -289.00 -241.00 -33.00
Cash and cash equivalents 1,098.00 6,287.00 12,418.00

Please note that some sums might not add up.

Filings & Publications

  • Consolidated Report 2022 - Q4 Finnish 🇫🇮
  • Consolidated Report 2022 - Q4 English 🇬🇧
  • Consolidated Report 2021 - Q4 English 🇬🇧
  • Consolidated Report 2021 - Q4 Finnish 🇫🇮

Capital Markets Information

ISIN

FI0009800098

LEI

743700KOUL1GQQQREP40

Industry Group

Materials

Listed Stock Exchange

Nasdaq Helsinki

Contact Investor Relations department

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