You are here: Home > Steel News > Latest Steel News > Aperam...

Aperam returns to net profit in Q3

Friday, 08 November 2024 14:24:53 (GMT+3)   |   Istanbul
       

Luxembourg-headquartered global stainless steel producer Aperam SA has announced its financial results for the third quarter and the first nine months of this year.

In the third quarter, the company reported a net profit of €179 million, compared to a net profit of €59 million in the previous quarter and a net loss of €42 million in the same quarter of the previous year, while its sales revenues amounted to €1.49 billion, falling by 8.6 percent quarter on quarter and rising by 2.1 percent year on year. Moreover, Aperam’s adjusted EBITDA grew by 15.1 percent from the second quarter and by 421.1 percent year on year to €99 million. In addition, the company’s steel shipments increased by 5.8 percent quarter on quarter and were up by 19.6 percent year on year to 617,000 mt.

Meanwhile, during the January-September period this year, Aperam’s net profit amounted to €219 million, compared to a net profit of €133 million in the first nine months of the previous year, while its sales revenues fell by 5.1 percent year on year to €4.78 billion. Additionally, the company’s adjusted EBITDA decreased by 3.6 percent to €240 million, while its steel shipments moved down by 7.7 percent to 1.79 million mt, both on year-on-year basis.


Similar articles

ArcelorMittal's sales revenue falls in Jan-Sept amid lower prices

07 Nov | Steel News

ArcelorMittal's net profit and sales revenue drops in H1

01 Aug | Steel News

Aperam posts net loss for Q1, expects higher EBITDA for Q2

07 May | Steel News

ArcelorMittal sees lower net profit and sales revenues in Q1

02 May | Steel News

ArcelorMittal posts lower net profit for 2023, demand outlook positive

08 Feb | Steel News

Aperam posts net loss and lower shipments for Q3

14 Nov | Steel News

ArcelorMittal’s sales revenues fall in Q3, steel demand outlook positive

10 Nov | Steel News

ArcelorMittal posts lower net profit and sales revenues for H1

27 Jul | Steel News

Aperam posts lower sales revenues and EBITDA for Q1 amid lower prices

05 May | Steel News

ArcelorMittal sees higher sales revenues in Q1 amid increased shipments

04 May | Steel News