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Published on 20.03.2024 at 15.00

Terrafame’s Financial Review 2023 is published

Terrafame Ltd’s Financial Review 2023 has been published today. The Financial Review includes the Board of Directors' Review and the Financial Statements (FAS) for the period 1 January–31 December 2023.

In addition, Terrafame has published its Corporate Governance Statement and Remuneration Report for 2023 as well as the updated Remuneration Policy for governing bodies.

All documents are attached to this news release in pdf format and they are also available at > Company > Reports and publications.

Terrafame enhances low-carbon mobility by delivering responsibly produced battery chemicals to the global battery industry. One of the world’s largest production lines for chemicals used in electric vehicle batteries is located on Terrafame’s industrial site. The plant is capable of producing nickel sulphate for around 1 million EVs per year. The carbon footprint of the nickel sulphate produced by Terrafame is among the smallest in the industry.

Terrafame’s integrated, unique and energy-efficient production process from the mine to battery chemicals is located on a single industrial site. It provides customers with a transparent, traceable and truly European battery chemical supply chain.

Terrafame Ltd was founded in 2015. Its net sales in 2023 were EUR 560.9 million. Around 1,900 people work on its industrial site, slightly more than half of whom are employees of partner companies.