Aperam: higher deliveries due in Q4

(CercleFinance.com) - Aperam announced on Tuesday that it was anticipating a rise in steel deliveries in Q4 compared with Q3, after noting a lesser seasonal effect in Brazil.


The Luxembourg-based stainless steel specialist points out that it usually benefits from an upturn in activity in Europe at the end of the year, but that its Brazilian subsidiary is affected by negative seasonality in Q4.

This year, the impact of seasonality in Brazil is expected to be relatively moderate, the group says.

On publication of its Q3 results, Aperam had stated that it was aiming for Q4 adjusted Ebitda higher than that recorded over July to September (E99m).

In comparison, the consensus currently forecasts adjusted Ebitda of E109m.

The company also states that it expects to spend E150m on capital expenditure in 2024, 83% of which has already been spent in the first nine months of the year.

The company also states that it expects to reduce its net debt by around E550m by the end of the year.

However, Aperam stresses that business volumes continue to be at 'depressed' levels in Europe and that pressure on sales prices intensified in December, a factor that the group intends to monitor as it enters the Q1.

Following these announcements, Aperam shares listed on the Paris Bourse were up over 1% in early trading on Tuesday, compared with a rise of 0.4% in the CAC 40 index.


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