Aperam : Management seems optimistic on Q2 2019, we share their opinion
>Q4 2018 probably marked a low point - Aperam’s CEO Timoteo Di Maulo thinks that 2018 was very challenging and that Q4 2018 will likely have marked a trough (we agree with him on this point). Q4 2018 was hit by significant destocking and a negative revaluation of stocks. Q1 is generally stronger than Q4 (with Europe offsetting the weakening of Brazil’s performance) but not as good as Q2. Consequently, Q1 2019 EBITDA guidance (comparable to Q4 2018 i.e. around € 90m) i...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.
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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