Focus on growth
We argue that the current valuation reflects too high short-term expectations and on the contrary the negative development of market prices point to weakening earnings. In our view, the current premium valuation to book value would require a double digit return on equity, which we do not expect the company to reach in the short-term. We urge investors to focus on the company’s long-term growth initiatives.
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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