Spanish stainless steel producer Acerinox S.A. has reported a net profit of €157.39 million for the first nine months of the current year, compared to a net profit of €44.50 million recorded in the same period of 2016, while its net sales came to €3.51 billion, rising by 20.4 percent year on year. The company’s EBITDA in the same period increased by 65.8 percent year on year to €369.93 million.
In the January-September period of this year, the company's hot rolled product output totaled 1.67 million mt, up 0.5 percent year on year, while its cold rolled product production totaled 1.30 million mt, rising two percent compared to the same period of the previous year.
According to Acerinox, its 2017 financial year will end with results which reflect the recovery of the market and improved margins, as a result of the savings. The income generated will enable the company to maintain its strategic investment plan.