Aperam : Une embellie au T2 2019. Le pire semble désormais passé
>Une marge d’EBITDA à un niveau historiquement faible au T1 2019 - L’EBITDA du T1 2019 est ressorti en dessous de nos attentes à 81 M€ vs (88 M€ attendus). La déception est surtout venue de la contre-performance de la division Stainless & Electrical Steel (EBITDA de 52 M€ vs 87 M€ au T4 2018) qui a pâti d’un niveau de prix historiquement faible en Europe et d’une saisonnalité défavorable au Brésil. Les gains liés au programme de Leadership Journey qui ont atteint 34 M...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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