Report

Acerinox : Des résultats records en 2021 tandis que ceux de 2022 devraient rester élevés. Une valorisation toujours très attractive

>Les fondamentaux restent solides - La demande reste dynamique en Europe et aux Etats-Unis. Par segment, l'électroménager, la construction, la restauration, la chimie et le pétrole & gaz restent porteurs tandis que l'automobile reste faible. La visibilité s’étend jusqu’au T1 2021. Le management semble confiant quant à l'impact modéré de la hausse des importations (ne compensant pas la perte liée à l’arrêt de ATI) résultant du récent accord visant à mettre fin au diffé...
Underlying
Acerinox SA

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.

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.

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