ACERINOX: 2Q’24 RESULTS (ANÁLISIS BANCO SABADELL)
2Q’24 vs. 2Q’23:Sales: € 1.299 Bn (-25.3% vs. -19.9% BS(e) and -14.0% consensus);
EBITDA: € 125 M (-47.0% vs. -45.3% BS(e) and -47.9% consensus);
EBIT: € 84 M (-57.1% vs. -54.6% BS(e) and -58.7% consensus);
Net Profit: € 62 M (-56.3% vs. -56.3% BS(e) and -60.6% consensus);
1H’24 vs. 1H’23:
Sales: € 2.781 Bn (-21.0% vs. -18.3% BS(e) and -15.4% consensus);
EBITDA: € 236 M (-48.9% vs. -48.1% BS(e) and -49.4% consensus);
EBIT: € 155 M (-59.0% vs. -57.7% BS(e) and -59.8% consensus);
Net Profit: € 114 M (-59.0% vs. -59.0% BS(e) and -61.2% consensus).
Acerinox is the parent company of a group engaged in the manufacture and sale of flat and long stainless steel products, and stainless steel wires. Co.'s major products include slabs, billets, black coils, plates, hot-rolled coils, hot-rolled sheets, flat bars, hot-rolled re-bars, hot-rolled black bars, engraved sheets, cold-rolled coils, cold-rolled sheets and circles. Co. also provides long stainless steel products, such as wire rods, angles, hot rolled flat bars, hot rolled re-bars, reinforced bars in coils, cold rolled re-bars, hot rolled black bars, cold drawn bars, and smooth turned bars. In addition, Co. offers wires, welding wire bars, and bars for electrodes.
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