Report
Emna Ben Bdira ...
  • Maxime Kogge

Aperam : Road show feedback: an increasingly countercyclical model soon to be bolstered by Universal, rating lifted to Outperform

>A convincing road show regarding the growth and resilience drivers - We organised two days of road shows in London and Amsterdam with Aperam's CFO, Sudhakar Sivaji, following the release of solid Q3 results and the announcement of the planned acquisition of Universal Stainless, a US producer of specialty stainless mainly for aerospace. Whilst Aperam remains largely perceived by investors as dependent on the European macro economy, our discussions highlighted the meri...
Underlying
Aperam SA

APERAM is a stainless and specialty steel producer. Co. produces a range of stainless steel products and products including electrical steel (grain oriented, non-grain oriented, and non-grain oriented semi-processed steel), nickel alloys and specialties. Co. sells its products to customers on three continents in over 40 countries, including aerospace, automotive, catering, construction, household appliances and electrical engineering, industrial processes, medical, and oil & gas industries. Co. manages its business according to three operating segments: Stainless and Electrical Steel; Services and Solutions; and Alloys and Specialties.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Emna Ben Bdira

Maxime Kogge

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