Last checked at 26 Apr 2023 16:36
AFARAK GROUP: PRODUCTION REPORT Q1 202316:30 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 yearThe processing plant in Germany carried out a maintenance shutdown during the first quarter of 2023Mining
The overall mining activity increased significantly when compared to same period of prior yearThe mining activity at the Turkish mines was 5.4% higher than same period last yearThe output increased in South Africa on account of the favourable market conditionsHelsinki, 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 HelsinkiLondon Stock ExchangeMain media
www.afarak.com
Attachment
Afarak_Production report_2023_Q1_EN