Aperam: Q1 Ebitda expected to fall

(CercleFinance.com) - On Friday, Aperam published Q4 accounts that beat expectations, but said it expected its operating profit (Ebitda) for the first quarter to be lower than in the previous quarter, which weighed on its share price this morning.


The stainless steel specialist said it generated adjusted Ebitda of E118m in Q4 2024, compared with just E44m a year earlier and a consensus of E107m.

However, sales fell to E1.47bn over the period, compared with E1.55bn a year earlier, due to lower steel deliveries, which totaled 505,000 tons in Q4 versus 541,000 a year earlier.

Aperam explains that it benefited from a favourable mix and lower purchasing costs.

However, the Luxembourg-based steelmaker cites a difficult market environment where pressure on prices is intensifying, leading it to forecast a sequential fall in Q1 2025 Ebitda.

The company also anticipates 'significantly higher' net financial debt in Q1 due to the integration of US-based Universal Stainless & Alloy Products, an operation designed to strengthen its position in the US aerospace market.

Following this publication, Aperam shares listed on Euronext Amsterdam, Paris and Brussels were down 0.1% on Friday morning, but were still up around 11% since the beginning of the year.


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