Report

Aperam : Impact of safeguard measures will soon feed through

>Still no sign of an inflection in demand - For Europe, CEO Timoteo Di Maulo expects end-markets to remain weak in Q4 2019 and sees no inflection in demand at this stage. In Europe, the automotive, household appliances and capital goods sectors remain lacklustre, but the negative momentum is fading. The level of stocks is low in absolute terms but high in terms of days of sales due to sluggish demand. However, there does not seem to be much room for additional destoc...
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.

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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