(CercleFinance.com) – Aperam publishes a turnover of 1,657 ME for the 1st quarter of 2024, down 11% compared to the same period a year earlier.
The steel specialist recorded an operating loss of 3 ME over the first three months of the year, far from the operating profit of 81 ME recorded a year earlier.
Adjusted EBITDA fell by 57% to €55 million.
Aperam ultimately records a net loss (group share) of 19 ME, compared to a result of +132 ME in the 1st quarter of 2023, i.e. basic earnings per share falling from 1.83 euros to -0.26 euros in space of twelve months.
Timoteo Di Maulo, CEO Aperam, recalls that this first quarter was ‘the seventh consecutive quarter of recession in the stainless steel industry’. It highlights the ESG performance of the company, which, with less than 280 kg of CO2e per tonne of steel, ‘has already exceeded its ambitious objective for 2030 in 2023’.
In terms of outlook, Aperam anticipates an increase in EBITDA between the 1st and 2nd quarters and forecasts ‘lower net financial debt for the second quarter’.
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