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Aperam : Feedback from road show (Paris): do what is needed… pending response from the EU

>Sluggish German industry acting as a drag. Brazil stable - We organised a road show in Paris for Aperam’s CEO, Timoteo di Maulo. Management recapped on persistently difficult economic conditions in Europe (51% of 2018 EBITDA) particularly in the automotive and electrical appliance segment, and that it noted a recent dip in capital goods. Only the construction sector remains robust. The situation in Germany, leading the stainless steel market in Europe, remains comp...
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.

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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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