Report

Aperam : Q3 2020 EBITDA expected to show a slight sequential improvement despite the pricing environment in Europe. Announcements in prospect?

>Q3 2020: mixed exit from the crisis - Q3 2020 seems to have gone as the management expected. The group should benefit from the recovery in the automotive sector (<20%e of shipments), household appliances (25%e of shipments) and construction (25%e of shipments). The chemicals and oil & gas markets (<10% of deliveries) remain complicated (except for LNG). Prices are under pressure in Europe due notably to competition from imports. We believe that prices are at all-time...
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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