Acerinox : Les caractéristiques défensives du groupe prédominent : Neutre vs Alléger
>Un résultat meilleur que prévu au T1 2019 - Acerinox a publié un EBITDA de 90 M€ (vs 58 M€ au T4 2018 et 118 M€ au T1 2018), un chiffre bien supérieur à nos attentes (78 M€). Nous attribuons cette belle performance à une forte reprise des volumes (production en hausse de 22% en séquentiel à 627kt). La division NAS (North American Stainless ; #1 aux Etats-Unis) semble avoir contribué en grande partie à ce rebond. L’Europe a continué à pâtir de prix très faibles bien q...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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