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Active Energy chief talks through market conditions and production delays

The chief executive of Active Energy (LON:AEG), Richard Spinks, discusses the recent raw material market conditions and recent production issues – which are set to impact the profitability of the group's Ukrainian operations in the second half of 2015.

Active’s Ukraine-based operation supplies processed wood chip to Medium-Density Fibreboard (MDF) manufacturers in Turkey.

However, a change in the law in Ukraine, banning the export of unprocessed wood from the country, causing a spike in the price of local timber.

The pressures have now eased, and prices have returned to pre-spike levels, but the period of artificially high prices has had an adverse impact on Active Energy’s margins in July and August.

Quick facts: Active Energy Group PLC

Price: 0.65 GBX

LSE:AEG
Market: LSE
Market Cap: £7.86 m
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