Luxembourg-headquartered global stainless steel producer Aperam SA, which was spun off by ArcelorMittal and separately listed in 2011, has announced its financial results for the second quarter and the first half of the current year.
In the second quarter, Aperam's net profit decreased by 19.7 percent to $53 million, while the company's sales amounted to $1.12 billion, falling 11.3 percent, both year on year. In the given quarter, Aperam’s steel shipments increased by seven percent year on year to 520,000 mt compared to the second quarter of the previous year. Aperam's EBITDA decreased by 20.6 percent year on year to $123 million.
During the first half of the current year, the company’s net profit declined by 5.5 percent to $102 million, while its sales amounted to $2.19 billion, down 12.8 percent, both compared to the first six months of the previous year. Aperam’s steel shipments increased by five percent year on year to one million mt in the given period. The company’s EBITDA decreased by 18.4 percent year on year to $235 million.