Aperam : Q3 23 postview: Q4 to remain subdued and few catalysts ahead of next CMD
>Not so bad Q3 performance but Q4 to remain under pressure - During a conference call on Friday, Aperam reported Q3 results which, unsurprisingly, showed EBITDA of € 19m, in line with the adjusted guidance of € 15-20m unveiled in September after the operational setbacks at Genk and Chatelet. As expected, the performance of the core stainless steel business was particularly weak due to low prices and volumes in Europe, whereas Brazil did slightly better in terms of vo...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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