Acerinox : After a good Q2, Q3 to be a transition quarter but mid-term fundamentals unchanged
>The results came out solid and in line thanks to high performance alloys - Acerinox reported solid Q2 results yesterday morning (after market opening). They came out in line, with EBITDA of € 126m, up € 15m on Q1, despite a higher impact from the strikes in Spain (€ 28m vs. € 15m), with three months of production lost vs just two in Q1. The improvement was driven by the group’s two drivers, US subsidiary NAS, and high performance alloys division HPM, together with co...Acerinox is the parent company of a group engaged in the manufacture and sale of flat and long stainless steel products, and stainless steel wires. Co.'s major products include slabs, billets, black coils, plates, hot-rolled coils, hot-rolled sheets, flat bars, hot-rolled re-bars, hot-rolled black bars, engraved sheets, cold-rolled coils, cold-rolled sheets and circles. Co. also provides long stainless steel products, such as wire rods, angles, hot rolled flat bars, hot rolled re-bars, reinforced bars in coils, cold rolled re-bars, hot rolled black bars, cold drawn bars, and smooth turned bars. In addition, Co. offers wires, welding wire bars, and bars for electrodes.
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.
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