Ferrexpo plc (LSE:FXPO) has announced that recent attacks on Ukraine’s energy infrastructure have disrupted power supplies to its mining and processing operations, resulting in interruptions to both production and exports. Despite these setbacks, the company has mitigated immediate impacts by maintaining inventories of intermediary and finished products, helping to sustain limited deliveries during the outage. Restoration work is underway as Ferrexpo seeks to resume full operational capacity as soon as conditions allow.
The company’s near-term outlook remains challenged, with ongoing geopolitical and energy risks weighing on performance. Ferrexpo’s financial results continue to reflect declining revenues and profitability, while technical indicators show bearish momentum tempered by some potential for recovery. Valuation metrics remain unattractive, with negative earnings and the absence of dividend distributions, underscoring a cautious stance for investors.
More about Ferrexpo
Ferrexpo plc is a Swiss-headquartered iron ore producer with operations based in Ukraine and a listing on the London Stock Exchange. The company manufactures high-grade iron ore pellets for the global steel industry, helping reduce carbon emissions and enhance production efficiency. With more than 50 years of operational history, Ferrexpo has been a key global supplier and was previously the third-largest exporter of iron ore pellets worldwide prior to the escalation of the conflict in Ukraine in 2022.
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