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 fourth quarter and the full year of 2015.
In the fourth quarter, Aperam's net profit increased by 73.7 percent to $33 million, while the company's sales amounted to $1.08 billion, falling 16 percent, both year on year. In the given quarter, Aperam’s steel shipments increased by 8.4 percent year on year to 476,000 mt. Aperam's EBITDA decreased by 17 percent year on year to $221 million.
In 2015, the company’s net profit increased by 81 percent to $172 million, while its sales amounted to $4.7 billion, down 13.9 percent, both compared to the previous year. Aperam’s steel shipments increased by four percent year on year to 1.88 million mt in the given year. The company’s EBITDA decreased by 25 percent year on year to $226 million.