AI assistant
Afarak Group — Interim / Quarterly Report 2019
Nov 23, 2020
3302_rns_2020-11-23_e34196e6-72a5-48ab-9d06-999d80636527.pdf
Interim / Quarterly Report
Open in viewerOpens in your device viewer
Afarak Group Plc
Group income statement, summary
| Q1 2019 (Restated) | Q2 2019 (Restated) | Q3 2019 (Restated) | Q4 2019 (Restated) | FY 2019 (Restated) | FY 2019 (Reported) | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Continuing | Discontinued | Continuing | Discontinued | Continuing | Discontinued | Continuing | Discontinued | Continuing | Discontinued | Total | Total | |
| Revenue | 25,995 | 16,506 | 29,263 | 14,640 | 23,777 | 10,109 | 18,859 | 10,513 | 97,894 | 51,768 | 149,662 | 144,918 |
| Other operating income | 136 | 219 | 421 | 457 | 132 | 73 | 527 | 476 | 1,216 | 1,225 | 2,441 | 2,378 |
| Operating expenses | -25,609 | -21,146 | -29,834 | -23,081 | -25,619 | -13,011 | -22,611 | -14,077 | -103,674 | -71,316 | -174,989 | -170,183 |
| Depreciation and amortisation | -660 | -1,214 | -1,033 | -1,174 | -914 | -820 | -1,010 | -624 | -3,618 | -3,831 | -7,449 | -7,449 |
| Impairment | 0 | 0 | 0 | -20,751 | 0 | -3,784 | 0 | -7,417 | 0 | -31,951 | -31,951 | -31,951 |
| Share of profit from joint ventures* | -868 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -868 | 0 | -868 | -868 |
| Operating profit | -1,007 | -5,635 | -1,183 | -29,908 | -2,624 | -7,432 | -4,235 | -11,129 | -9,050 | -54,104 | -63,154 | -63,154 |
| Gain on acquisition of Synergy Group | 0 | 0 | 7,069 | 0 | 0 | 0 | 0 | 0 | 7,069 | 0 | 7,069 | 7,069 |
| Financial income and expense | 227 | -806 | -730 | 142 | -2,424 | -1,536 | -848 | 1,478 | -3,775 | -722 | -4,498 | -4,498 |
| Profit before tax | -780 | -6,442 | 5,156 | -29,766 | -5,048 | -8,968 | -5,083 | -9,651 | -5,756 | -54,827 | -60,582 | -60,582 |
| Income tax | -449 | 127 | -359 | 3,330 | -282 | -1,451 | 781 | 9 | -309 | 2,014 | 1,705 | 1,705 |
| Profit for the period | -1,229 | -6,315 | 4,797 | -26,436 | -5,330 | -10,420 | -4,302 | -9,642 | -6,065 | -52,812 | -58,877 | -58,877 |
| Profit attributable to | ||||||||||||
| Owners of the parent | -1,082 | -6,315 | 5,373 | -26,436 | -4,988 | -10,420 | -4,067 | -9,642 | -4,764 | -52,812 | -57,576 | -57,576 |
| Non-controlling interests | -147 | 0 | -576 | 0 | -342 | 0 | -235 | 0 | -1,301 | 0 | -1,301 | -1,301 |
| Total | -1,229 | -6,315 | 4,797 | -26,436 | -5,330 | -10,420 | -4,302 | -9,642 | -6,065 | -52,812 | -58,877 | -58,877 |
| Earnings per share for profit attributable to the shareholders of the parent company, EUR | ||||||||||||
| Basic earnings per share, EUR | 0.00 | -0.02 | 0.02 | -0.10 | -0.02 | -0.04 | -0.02 | -0.04 | -0.02 | -0.21 | -0.23 | -0.23 |
| Diluted earnings per share, EUR | 0.00 | -0.02 | 0.02 | -0.10 | -0.02 | -0.04 | -0.02 | -0.04 | -0.02 | -0.21 | -0.23 | -0.23 |
*The joint venture has been acquired and the results were consolidated as from Q2 2019.
Afarak Group Plc
Group income statement, summary
EUR '000
Revenue
Other operating income
Operating expenses
Depreciation and amortisation
Impairment
Share of profit from joint ventures
Operating profit
Acquisition of Synergy Group
Financial income and expense
Profit before tax
Income tax
Profit for the period
Profit attributable to
Owners of the parent
Non-controlling interests
Total
Earnings per share for profit attributable to the shareholders of the parent company, EUR
Basic earnings per share, EUR
Diluted earnings per share, EUR
| H1 2020 (Restated) | H1 2020 (Reported) | ||
|---|---|---|---|
| Continuing | Discontinued | Total | Total |
| 35,495 | 10,724 | 46,220 | 44,942 |
| 539 | 124 | 662 | 634 |
| -36,380 | -13,321 | -49,701 | -48,394 |
| -1,353 | -747 | -2,101 | -2,101 |
| 0 | -4,650 | -4,650 | -4,650 |
| 0 | 0 | 0 | 0 |
| -1,699 | -7,870 | -9,569 | -9,569 |
| 0 | 0 | 0 | 0 |
| -2,354 | -3,667 | -6,021 | -6,021 |
| -4,053 | -11,537 | -15,590 | -15,590 |
| -559 | 0 | -559 | -559 |
| -4,612 | -11,537 | -16,149 | -16,149 |
| -4,355 | -11,537 | -15,892 | -15,892 |
| -257 | 0 | -257 | -257 |
| -4,612 | -11,537 | -16,149 | -16,149 |
| -0.02 | -0.05 | -0.07 | -0.07 |
| -0.02 | -0.05 | -0.07 | -0.07 |
FINANCIAL DEVELOPMENT AND ASSETS AND LIABILITIES BY SEGMENT
| Q1 2019 (Restated)
3 months
EUR '000 | Speciality Alloys | Ferro Alloys | Discontinued | Unallocated items | Eliminations | Group total |
| --- | --- | --- | --- | --- | --- | --- |
| Revenue | 22,198 | 3,587 | 16,506 | 800 | -591 | 42,501 |
| Segment's EBITDA | 1,998 | -1,081 | -4,422 | -1,264 | 0 | -4,768 |
| Segment's EBIT | 1,417 | -1,159 | -5,635 | -1,265 | 0 | -6,642 |
| Segment's assets | 154,608 | 118,629 | 0 | 16,593 | -38,632 | 251,197 |
| Segment's liabilities | 67,077 | 72,866 | 0 | 4,473 | -38,979 | 105,437 |
| Q2 2019 (Restated)
3 months
EUR '000 | Speciality Alloys | Ferro Alloys | Discontinued | Unallocated items | Eliminations | Group total |
| --- | --- | --- | --- | --- | --- | --- |
| Revenue | 24,866 | 4,404 | 14,640 | 301 | -308 | 43,903 |
| Segment's EBITDA | 2,153 | -555 | -7,983 | -1,748 | 0 | -8,133 |
| Segment's EBIT | 1,529 | -963 | -29,908 | -1,749 | 0 | -31,091 |
| Segment's assets | -9,130 | 14,896 | 0 | 552 | -4,183 | 2,134 |
| Segment's liabilities | -7,001 | 26,833 | 0 | 488 | -4,030 | 16,290 |
| Q3 2019 (Restated)
3 months
EUR '000 | Speciality Alloys | Ferro Alloys | Discontinued | Unallocated items | Eliminations | Group total |
| --- | --- | --- | --- | --- | --- | --- |
| Revenue | 20,132 | 3,376 | 10,109 | 577 | -308 | 33,886 |
| Segment's EBITDA | 2,488 | -1,255 | -2,829 | -2,943 | 0 | -4,539 |
| Segment's EBIT | 1,829 | -1,509 | -7,432 | -2,944 | 0 | -10,057 |
| Segment's assets | 31,421 | -12,278 | 0 | 261 | -29,981 | -10,578 |
| Segment's liabilities | 27,495 | 190 | 0 | 29,130 | -29,079 | 27,736 |
Q4 2019 (Restated)
3 months
EUR '000
Speciality
Alloys
Ferro Alloys
Discontinued
Unallocated
items
Eliminations
Group total
| Revenue | 15,267 | 3,417 | 10,513 | 446 | -272 | 29,372 |
|---|---|---|---|---|---|---|
| Segment's EBITDA | 207 | -2,367 | -3,089 | -1,065 | 0 | -6,314 |
| Segment's EBIT | -296 | -2,607 | -11,129 | -1,332 | 0 | -15,364 |
| Segment's assets | -10,229 | -6,223 | 0 | 3 | -2,707 | -19,156 |
| Segment's liabilities | -4,785 | 7,968 | 0 | -687 | -2,896 | -401 |
FY 2019 (Restated)
12 months
EUR '000
Speciality
Alloys
Ferro Alloys
Discontinued
Unallocated
items
Eliminations
Group total
| Revenue | 82,464 | 14,785 | 51,768 | 2,124 | -1,479 | 149,662 |
|---|---|---|---|---|---|---|
| Segment's EBITDA | 6,846 | -5,258 | -18,323 | -7,020 | 0 | -23,754 |
| Segment's EBIT | 4,478 | -6,238 | -54,104 | -7,290 | 0 | -63,154 |
| Segment's assets | 166,670 | 115,023 | 0 | 17,409 | -75,504 | 223,597 |
| Segment's liabilities | 82,786 | 107,856 | 0 | 33,403 | -74,984 | 149,061 |
FY 2019 (Reported)
12 months
EUR '000
Speciality
Alloys
Ferro Alloys
Unallocated
items
Eliminations
Group total
| Revenue | 82,464 | 61,809 | 2,124 | -1,479 | 144,918 |
|---|---|---|---|---|---|
| Segment's EBITDA | 6,846 | -23,581 | -7,020 | 0 | -23,754 |
| Segment's EBIT | 4,478 | -60,342 | -7,290 | 0 | -63,154 |
| Segment's assets | 166,670 | 115,023 | 17,409 | -75,504 | 223,597 |
| Segment's liabilities | 82,786 | 107,856 | 33,403 | -74,984 | 149,061 |
| H1 2020 (Restated)
6 months
EUR '000 | Speciality Alloys | Ferro Alloys | Discontinued | Unallocated items | Eliminations | Group total |
| --- | --- | --- | --- | --- | --- | --- |
| Revenue | 31,573 | 3,696 | 10,724 | 843 | -616 | 46,220 |
| Segment's EBITDA | 1,668 | -491 | -2,473 | -1,523 | 0 | -2,819 |
| Segment's EBIT | 652 | -871 | -7,870 | -1,479 | 0 | -9,569 |
| Segment's assets | 169,541 | 89,256 | 0 | 18,398 | -81,294 | 195,901 |
| Segment's liabilities | 90,757 | 99,375 | 0 | 35,966 | -80,543 | 145,555 |
| H1 2020 (Reported)
6 months
EUR '000 | Speciality Alloys | Ferro Alloys | Unallocated items | Eliminations | Group total |
| --- | --- | --- | --- | --- | --- |
| Revenue | 31,573 | 13,142 | 843 | -616 | 44,942 |
| Segment's EBITDA | 1,668 | -2,964 | -1,523 | 0 | -2,819 |
| Segment's EBIT | 652 | -8,742 | -1,479 | 0 | -9,569 |
| Segment's assets | 169,541 | 89,256 | 18,398 | -81,294 | 195,901 |
| Segment's liabilities | 90,757 | 99,375 | 35,966 | -80,543 | 145,555 |