Acerinox : Une baisse contenue de l’EBITDA au T2 2020 grâce à NAS et à la consolidation de VDM
>Des performances par division à géométrie variable au T2 2020 - Lors de la publication des résultats du T1, le management avait indiqué s’attendre au T2 2020 à une limitation du taux d’utilisation des capacités autour de 65% dont 75% en avril / 60% en mai et 50% en juin. Rappelons que Bahru (Malaisie) et Colombus (Afrique du Sud) ont été arrêtés au mois d’avril et ont repris depuis sur une base modérée (dépendance à l’Europe et à l’Asie). Nous estimons que North Amer...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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