Aankondiging • Dec 22
Afarak Group SE, Annual General Meeting, Jun 09, 2026 Afarak Group SE, Annual General Meeting, Jun 09, 2026. Aankondiging • Aug 16
Plantcor Mining And Plant Hire (Pty) Ltd completed the acquisition of Zeerust Chrome Mines Limited from Afarak Group SE (HLSE:AFAGR). Plantcor Mining And Plant Hire (Pty) Ltd signed an agreement to Zeerust Chrome Mines Limited from Afarak Group SE (HLSE:AFAGR) for ZAR 40 million on June 27, 2025.
The transaction is subject to approval of merger agreement by Afarak Group board. The deal has been approved by the Afarak Group board.
Plantcor Mining And Plant Hire (Pty) Ltd completed the acquisition of Zeerust Chrome Mines Limited from Afarak Group SE (HLSE:AFAGR) on August 15, 2025. Aankondiging • Jun 27
Plantcor Mining And Plant Hire (Pty) Ltd acquired Zeerust Chrome Mines Limited from Afarak Group SE (HLSE:AFAGR) for ZAR 40 million. Plantcor Mining And Plant Hire (Pty) Ltd acquired Zeerust Chrome Mines Limited from Afarak Group SE (HLSE:AFAGR) for ZAR 40 million on June 27, 2025.
The transaction is subject to approval of merger agreement by Afarak Group board. The deal has been approved by the Afarak Group board.
Plantcor Mining And Plant Hire (Pty) Ltd completed the acquisition of Zeerust Chrome Mines Limited from Afarak Group SE (HLSE:AFAGR) on June 27, 2025. Aankondiging • Jun 03
Afarak Group SE Announces Election of Julien Duniague as New Board Member, Effective June 3, 2025 Afarak Group SE announced that at its AGM held on 3 June 2025, elected Mr. Julien Duniague (Swiss citizen) as a new Board member. The Board Committees and their composition are as follows: Audit and Risk Management Committee: Julien Duniague, chairperson, Jelena Manojlovic, and Thorstein Abrahamsen. Remuneration and Nomination Committee: Jelena Manojlovic, chairperson, Thorstein Abrahamsen, and Julien Duniague. Health, Safety and Sustainable Development Committee: Thorstein Abrahamsen, chairperson, Jelena Manojlovic, Julien Duniague, Guy Konsbruck, Stefano Bonati, and Kylie Gauci. Aankondiging • Dec 24
Afarak Group SE Announces Dividend Policy The Board of Directors of Afarak Group SE has decided on Company's dividend policy. The dividend policy: The purpose of the dividend policy is to set the framework for the distribution of dividends by the Company to ensure an attractive and consistent return on investment for the Company’s shareholders. The Company shall distribute to its shareholders in the form of a dividend or a capital redemption all funds surplus to the operating and development needs of the Company as determined by the Board of Directors. The target dividend payout ratio in respect to each financial year shall be minimum 10% of the Afarak Group's EBITDA per full year. The dividend policy in its entirety is attached. The decision on Company’s dividend policy is connected to the release to be published later relating to Afarak’s Board of Directors’ decision to convene Company’s Extraordinary General Meeting to decide on reduction of Company’s share capital and reduction of Company’s share premium reserve. The Extraordinary General Meeting is the first step in the process of aiming to enable the transfer of funds into Company’s unrestricted equity leading to a more flexible capital structure and thus enable more efficient use of the Company's funds. Aankondiging • Dec 23
Afarak Group SE, Annual General Meeting, Jun 03, 2025 Afarak Group SE, Annual General Meeting, Jun 03, 2025. Aankondiging • Oct 29
Afarak Group SE Provides Production Guidance for the Fourth Quarter of 2024 Afarak Group SE provided production guidance for the fourth quarter of 2024. The outlook for the chrome market in the remainder of 2024 is shaped by a mix of production dynamics, demand drivers, and regional challenges. Supply and Production: South Africa and China continue to dominate the global chrome ore market. South Africa, the largest producer, supplied about 82% of global output in 2023. Demand: The demand outlook is driven primarily by the stainless-steel industry, with China leading the way. China's chrome ore consumption remains robust due to its expanding stainless-steel output, supporting ore prices. However, there are concerns about weaker demand for ferrochrome in regions like the EU and the U.S. due to inflationary pressures and geopolitical uncertainties. China, meanwhile, remains the top importer of chrome ore, absorbing around 92% of global imports. Price Trends: Prices for chrome ore were gaining momentum, especially driven by Chinese demand. This trend has reversed recently. Ferrochrome prices continue to be under pressure due to oversupply and weaker global downstream markets, particularly for lower-carbon variants of ferrochrome where cheap imports from Russia, Kazakhstan and India weigh heavily on profitability. Challenges and Opportunities: In summary, the chrome ore market is set to grow moderately through 2024, with strong demand from China balancing some of the challenges in supply and downstream markets. South Africa's ore production will play a critical role, while ferrochrome faces weaker demand outside Asia. The global push for lower carbon emissions and environmentally friendly materials should potentially increase demand for low-carbon ferrochrome, particularly in Europe and North America. Companies investing in cleaner production technologies may gain competitive advantages. Reported Earnings • Aug 19
First half 2024 earnings released: EPS: €0.001 (vs €0.04 in 1H 2023) First half 2024 results: EPS: €0.001 (down from €0.04 in 1H 2023). Revenue: €71.4m (down 25% from 1H 2023). Net income: €215.0k (down 98% from 1H 2023). Profit margin: 0.3% (down from 11% in 1H 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. New Risk • Aug 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Profit margins are more than 30% lower than last year (6.2% net profit margin). Market cap is less than US$100m (€67.7m market cap, or US$74.2m). Buy Or Sell Opportunity • Jun 12
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 24% to €0.27. The fair value is estimated to be €0.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Apr 22
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €92.7m (US$98.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (6.2% net profit margin). Market cap is less than US$100m (€92.7m market cap, or US$98.7m). Reported Earnings • Feb 25
Full year 2023 earnings released: EPS: €0.04 (vs €0.18 in FY 2022) Full year 2023 results: EPS: €0.04 (down from €0.18 in FY 2022). Revenue: €159.4m (down 20% from FY 2022). Net income: €9.45m (down 79% from FY 2022). Profit margin: 5.9% (down from 23% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. New Risk • Feb 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Aankondiging • Nov 09
Afarak Group Se Appoints Christoph Kemper as Chief Technical Officer The Board of Directors of Afarak Group SE appointed Christoph Kemper, General Manager of Elektrowerk Weisweiler GmbH (“EWW”), as the Chief Technical Officer of Afarak Group as of 7 November 2023. Christoph Kemper will also continue in his current position in EWW. Helsinki, November 7, 2023. Aankondiging • Nov 08
Afarak Group SE Appoints Christoph Kemper as the Chief Technical Officer The Board of Directors of Afarak Group SE has appointed Christoph Kemper, General Manager of Elektrowerk Weisweiler GmbH (“EWW”), as the Chief Technical Officer of Afarak Group as of 7 November 2023. Christoph Kemper will also continue in his current position in EWW. Aankondiging • Oct 13
Afarak Group SE Announces CEO Changes Afarak Group SE’s (Company) CEO Dr. Roman Lurf has resigned from his position as the CEO of the Company on 12th October 2023. The resignation entered into force with immediate effect. The Board of Directors of the Company has appointed Mr. Guy Konsbruck as the CEO of the company effective as of 12th October 2023. Mr. Guy Konsbruck has served as the CEO of the company between 15th January 2017 and 30th June 2023. Mr. Guy Konsbruck has also been a Member of the Board of Directors of the company since 5th February 2018. Reported Earnings • Aug 20
First half 2023 earnings released: EPS: €0.04 (vs €0.088 in 1H 2022) First half 2023 results: EPS: €0.04 (down from €0.088 in 1H 2022). Revenue: €95.3m (up 3.6% from 1H 2022). Net income: €10.3m (down 52% from 1H 2022). Profit margin: 11% (down from 23% in 1H 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 06
Full year 2022 earnings released Full year 2022 results: Revenue: €198.7m (up 148% from FY 2021). Net income: €44.8m (up €44.1m from FY 2021). Profit margin: 23% (up from 1.0% in FY 2021). Reported Earnings • Feb 26
Full year 2022 earnings released: EPS: €0.19 (vs €0.003 in FY 2021) Full year 2022 results: EPS: €0.19 (up from €0.003 in FY 2021). Revenue: €201.3m (up 151% from FY 2021). Net income: €44.8m (up €44.1m from FY 2021). Profit margin: 22% (up from 1.0% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. CEO & Executive Director Guy Konsbruck was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 20
First half 2022 earnings released: EPS: €0.10 (vs €0.003 loss in 1H 2021) First half 2022 results: EPS: €0.10 (up from €0.003 loss in 1H 2021). Revenue: €92.9m (up 149% from 1H 2021). Net income: €21.3m (up €22.1m from 1H 2021). Profit margin: 23% (up from net loss in 1H 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Aankondiging • May 17
Afarak Group Oyj Announces Changes in Corporate Management Afarak Group Plc´s Chief Operating Officer Dr. Danko Koncarwill step down from his position as Group COO as of May 31, 2022. Dr. Danko Koncar will continue serving the Group as the Operational Manager in Afarak Trading Ltd. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. CEO & Executive Director Guy Konsbruck was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 05
Full year 2021 earnings released: EPS: €0.003 (vs €0.10 loss in FY 2020) Full year 2021 results: EPS: €0.003 (up from €0.10 loss in FY 2020). Revenue: €80.3m (up 34% from FY 2020). Net income: €765.0k (up €24.5m from FY 2020). Profit margin: 1.0% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Aankondiging • Mar 31
the Supreme Administrative Court Rejects Afarak Group Plc's Application for Permission to Appeal Afarak Group Oyj announced that By its decision the Supreme Administrative Court has rejected Afarak's application for permission to appeal. The Supreme Administrative Court therefore does not rule on the Afarak’s appeal. Therefore, the penalty payment of EUR 1,450,000 imposed by FIN-FSA on 23 September 2019 to Afarak for failures relating to disclosure of inside information and maintenance of insider lists is lawful. Reported Earnings • Feb 26
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: €0.04 (up from €0.10 loss in FY 2020). Revenue: €83.9m (up 40% from FY 2020). Net income: €765.0k (up €24.5m from FY 2020). Profit margin: 0.9% (up from net loss in FY 2020). Revenue missed analyst estimates by 4.0%. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings. Board Change • Dec 06
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. CEO & Executive Director Guy Konsbruck was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 22
First half 2021 earnings released: €0.003 loss per share (vs €0.019 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: €37.3m (up 5.2% from 1H 2020). Net loss: €833.0k (loss narrowed 81% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 45% per year, which means it is performing significantly worse than earnings. Aankondiging • Jun 01
WMA Chrome Mining Property Limited and WMA Minmet Processing Proprietary Limited agreed to acquire Ilitha’s plant, assets and mining right from Afarak Group Oyj (HLSE:AFAGR) for ZAR 400 million. WMA Chrome Mining Property Limited and WMA Minmet Processing Proprietary Limited agreed to acquire Ilitha’s plant, assets and mining right from Afarak Group Oyj (HLSE:AFAGR) for ZAR 400 million on May 31, 2021. The consideration will be paid in 3 portions. The first portion is expected within 30 days from date of signature, the second within 12 months, and the last portion in monthly instalments over the next approximately five years, starting June 2021. The transaction was approved by the board of directors of Afarak group. Aankondiging • Feb 26
Afarak Group plc Files an Application for a Permission to Appeal and an Appeal to the Supreme Administrative Court on the Helsinki Administrative Court Decision On 26 January 2021 Afarak released information that Helsinki Administrative Court did not amend the penalty payment of EUR 1,450,000 imposed by FIN-FSA to Afarak for failures relating to disclosure of inside information and maintenance of insider lists. Afarak has filed an application for a permission to appeal and an appeal to the Supreme Administrative Court on the decision of the Helsinki Administrative Court. Is New 90 Day High Low • Feb 03
New 90-day high: €0.23 The company is up 26% from its price of €0.19 on 05 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 64% over the same period. Aankondiging • Nov 09
Afarak Group Plc Announces Executive Changes Afarak Group Plc announced that Mr. Melvin Grima, Chief Financial Officer, will leave the company at the end of the year. The company extends its gratitude for the excellent job performed by Mr. Grima over the years and wishes him all the best for his future career. With the current environment, the CFO function will not be replaced, and the responsibility will be entrusted to the CEO with the support of the current Finance team. In this respect the Company has appointed Ms Kylie Gauci, the Group’s Finance Controller, as Group Finance Manager. Ms Gauci, a Maltese national and resident has been with the Company since 2014 and has occupied senior positions within the finance function. Is New 90 Day High Low • Sep 25
New 90-day low: €0.20 The company is down 42% from its price of €0.34 on 26 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 11% over the same period. Aankondiging • Sep 23
Afarak Group Plc Receives Claim It has come to the attention of Afarak Group Plc (“Company”), that Absa Bank, a South African bank (“Absa”), has brought a claim against the Company in the district court of Helsinki. In the claim Absa is claiming 75,000,000 South African Rands (approximately 3,8 million euros) added with interest and costs from the Company. The claim is based on a corporate guarantee given by the Company on behalf on Afarak Mogale. Afarak Mogale entered into business rescue process during the summer 2020 and has not been allowed to pay its debts during these proceedings. 
