Aperam : Profit warning puts sudden halt to improving sentiment
>Significant underperformance in Q3 - Aperam on Friday revealed that it would not achieve its shipment target for Q3, with the latter now forecast to be at a comparable level to Q2 vs a slight increase expected initially. It also highlighted “up to triple digits” inventory valuation losses due to raw material price movements (probably nickel, down 15% since August) vs a previous “high single digits” guidance. As a result, it now guides for adjusted EBITDA of between €...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.