Aperam : The group anticipates positive FCF in Q2 despite the impact of the pandemic
>A decline in deliveries anticipated for Q2 2020 and 15-25% on a sequential basis - CEO Timoteo Di Maulo indicates that the group’s main factories are operational after a 10-day stoppage for the putting in place of new protocols (health and safety) to weather the COVID-19 pandemic. Management anticipates a potential 15-25% decline in Q2 2020 (vs up to 25% in the press release) in both Europe and Brazil (no major disparity in the variation) and that production should d...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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