Report

Aperam : Q2 2020 EBITDA should demonstrate the group’s agility during the pandemic

>Fall in deliveries contained but unfavourable mix in Brazil - Q2 2020 seems to have been in line with management’s forecasts (fall in deliveries of 15% to 25% on a sequential basis). The upper end of the forecast range (-15%) may even have been reached over the period thanks, in particular, to Brazil but to the detriment of the mix (more electrical steel and carbon specialties and less stainless steel). In Europe, the automotive (15% of sales) and household appliance...
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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