Aperam : Q2 2020 adjusted EBITDA is higher than expected. Q3 guidance is in line with our forecasts
>Q2 2020 adjusted EBITDA comes in above expectations - Aperam reported Q2 2020 adjusted EBITDA of € 49m (vs € 70m in Q1 2020) above our expectations (ODDO BHF: € 45m) and the consensus (€ 42m). This better showing stems from a lower-than-expected decline in shipments (-14% to 376kt vs guidance of -15%/-25%) namely on the back of a strong resilience in Brazil. During the quarter, all divisions remained in positive territory with Stainless and Electrical Steel showing a...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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