Report

Aperam : Un bon T4 2021 qui préfigure un T1 2022 solide. Le FCF modéré du T4 2021 est un choix assumé du management

>Les bons fondamentaux ne sont pas remis en question - La demande reste bien orientée pour les segments liés à la consommation ainsi que ceux dont la reprise a été plus tardive (restauration, pétrole & gaz, etc) tandis que des pénuries affectent l’automobile (composants) et la construction (matériaux). Le taux d’utilisation des capacités d’Aperam est maximal et son carnet de commandes offre une bonne visibilité. Les stocks chez les distributeurs sont en légère hausse ...
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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