Spanish stainless steel producer Acerinox S.A. has reported a net profit of €43 million for the full year of 2015, decreasing by 68.4 percent compared to 2014, while its net sales came to €4.22 billion, declining 3.6 percent year on year. The company’s EBITDA in the same year decreased by 36 percent year on year to €286 million.
In 2015, the company's hot rolled product output came to two million mt, remaining stable year on year, while its cold rolled product production totaled 1.6 million mt, rising 3.4 percent compared to the previous year.
Acerinox stated that it approved a new strategic plan which covers the period from 2016 to 2020 and has been adapted to the new market conditions. The new plan is broadly based on the operational excellence, optimal utilization of the capabilities of the factories in the company, development of investments with rapid returns and solid finances.