Luxembourgian steelmaker Aperam expects Q4 2020 to end in lesser net financial debts, as well as higher earnings before tax.

 

During January-September, shipments at its stainless and electrical steel division declined to 1.2mn mt ,worth €2.1bn ($2.5bn), from 1.3mn mt, valued at €2.5bn, during the same period in 2019. In Q3 2020, the shipments increased to 417,000mt, accounting for €664mn, against 401,000mt in Q3 2019, which raked in €771mn. 

 

In the specialty alloy division, sales in the nine-month period fell to 24,000mt, valued at €408mn, compared with 27,000mt, worth €437mn, in the same period last year. Q3 2020 saw sales decline to 7,000mt, from 8,000mt in Q3 2019, with value falling to €111mn from €128mn, respectively. 

 

The company’s consolidated sales tallied at €2.7bn in January-September 2020, down from €3.2bn last year. Q3’s total sales were €841mn, falling short of €972mn recorded in Q3 2019. 

 

Aperam’s EBITDA in the year till Sep 30 fell to €148mn from €184mn in the first nine months of 2019. In Q3 2020, this figure stood at €65mn, compared with €79mn in Q3 2019. 

 

€1 = $1.18

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