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Aperam : Improvement confirmed in Q4 2021 Adjusted EBITDA forecast up on a sequential basis in Q1 2022. Net cash position as of 2022

>Solid fundamentals in Q1 2021 - Management confirms that demand remains strong for all segments except automotive (semiconductor shortage). Disruptions in logistics persist but are manageable according to the company. The group says it has managed to pass on to its customers the energy price increases the peak of which is probably now behind us. The backlog still offers clear visibility (Q2 2022). For our part, we note that the market share of imports is up (temporar...
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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