Aperam : Solid Q3 and encouraging Q4 guidance, subdued Europe offset by Brazil
>Better results driven by core Stainless & Electrical division - Aperam delivered solid Q3 results with adjusted EBITDA at € 99m, up 15% on Q2, 4% above ODDO BHF and 5% above the consensus. The q-o-q improvement was achieved despite lower seasonality and lingering value adjustment losses. It was driven by the core Stainless & Electrical division which benefitted in Europe from an improved mix and cost savings (€ 27m of leadership journey gains achieved in Q3 group-wid...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.