An update from Ferrexpo ( (GB:FXPO) ) is now available.
Ferrexpo PLC reported a challenging yet resilient year for 2024, marked by a 66% increase in production despite operating amid the ongoing conflict in Ukraine. The company achieved a 43% rise in revenue, although it faced a net loss of $50 million due to a significant non-cash impairment charge. The firm managed to diversify its market reach and resume shipping through Ukrainian Black Sea ports, while also investing in production capacity and sustainability initiatives. However, increased costs for electricity and consumables, alongside a weaker iron ore market outlook, impacted profitability. Ferrexpo continues to monitor the geopolitical situation closely, hoping for a resolution to the conflict.
More about Ferrexpo
Ferrexpo PLC is a producer and exporter of premium iron ore pellets, primarily serving markets in Europe, MENA, and Asia. The company is listed on the London Stock Exchange under the ticker FXPO.
YTD Price Performance: -22.87%
Average Trading Volume: 3,286,115
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £479.8M
Learn more about FXPO stock on TipRanks’ Stock Analysis page.