Operative profitability still under pressure
Afarak reported Q4 results on Friday. Afarak’s topline came in fairly in line with expectations due to good market conditions. However, the company’s operational profitability was still under pressure and fell short from our expectations. Due to the dispute between Afarak’s shareholders we abstain from giving a target price or a recommendation. The believe the stock price will be driven by this dispute and Afarak’s possible delisting process rather than fundamentals in the short term.
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Afarak Group
Afarak Group operates in the manufacturing industry. The company specializes in the manufacture and development of specialized alloys and chrome solutions for industrial components. The products are resold worldwide through their own sales and marketing channels, where customers are found in the automotive, aerospace, and nuclear industries. The company is headquartered in Helsinki.
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