AFYREN announces its 2022 annual financial results
21 March 2023
Press release
A successful 2022 in commercial, industrial, and extra-financial terms:
- Inauguration of the group’s first factory, AFYREN NEOXY
- Commercial success: 75% of annual acid volume and 100% of fertilizer already pre-sold
- Futher improved extr-financial rating (78/100 vs. 66 published and 72 adjusted)
Teams fully mobilized at the start of 2023:
- Reliability testing and tuning is in progress at AFYREN NEOXY plant, and clients have confirmed commitments for orders totaling €165 million in revenue
- International expansion is confirmed, with the project for a second factory in Thailand
A solid financial situation at the end of 2022:
- Net loss in line with expectations: delivery and start-up of the AFYREN NEOXY plant, as well as development costs of next plants and innovation projects
- Limited cash consumption: €62.3 million of cash available as of December 31, 2022, to continue executing the medium-term strategy presented at the IPO
To find out more, download our press release.
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