16:30 London, 18:30 Helsinki, 26 April 2023 - Afarak Group SE (“Afarak” or “the Company”) (LSE: AFRK, NASDAQ: AFAGR)
Production report Q1 2023
Afarak Group production during the first quarter of 2023 was at the same level of same quarter of previous year.
| Q1/2023 | Q1/2022 | Change | FY 2022 | ||||
| Speciality Alloys | mt | 24,359 | 24,229 | 0.5% | 87,734 | ||
| Processing | mt | 7,581 | 8,311 | -8.8% | 26,642 | ||
| Mining | mt | 16,778 | 15,918 | 5.4% | 61,092 | ||
| South African mines | mt | 61,045 | 0 | 100.0% | 71,271 | ||
| Mining | mt | 61,045 | 0 | 100.0% | 71,271 | ||
Processing
- The processing volumes decreased by 8.8% during the first quarter of 2023 when compared to same period of the prior year
- The processing plant in Germany carried out a maintenance shutdown during the first quarter of 2023
Mining
- The overall mining activity increased significantly when compared to same period of prior year
- The mining activity at the Turkish mines was 5.4% higher than same period last year
- The output increased in South Africa on account of the favourable market conditions
Helsinki, April 26, 2023
AFARAK GROUP SE
Board of Directors
For additional information, please contact:
Afarak Group SE
Guy Konsbruck, CEO, +356 2122 1566, guy.konsbruck@afarak.com
Financial reports and other investor information are available on the Company's website: www.afarak.com.
Afarak Group is a specialist alloy producer focused on delivering sustainable growth with a Speciality Alloys business in southern Europe and a FerroAlloys business in South Africa. The Company is listed on NASDAQ Helsinki (AFAGR) and the Main Market of the London Stock Exchange (AFRK).
Distribution:
NASDAQ Helsinki
London Stock Exchange
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