Luxembourg-headquartered global stainless steel producer Aperam SA has announced its financial results for the first quarter of 2026.
In the given quarter, the company recorded a net profit of €3 million, compared to a net profit of €29 million in the fourth quarter of 2025, while moving to profit compared to a net loss of €18 million recorded in the same period of the previous year. The company’s sales revenues increased by 16 percent quarter on quarter to €1.58 billion due to higher shipments, while decreasing by five percent year on year. Aperam’s adjusted EBITDA increased by 34.3 percent from €67 million in the previous quarter and by 4.7 percent year on year to €90 million.
In the first quarter, Aperam’s steel shipments amounted to 617,000 mt, increasing by 11 percent quarter on quarter and by 7.3 percent year on year due to the seasonal recovery in Europe. The company recorded an operating income of €34 million, compared to an operating loss of €29 million in the previous quarter and an operating loss of €11 million in the same period of the previous year. Sales revenues in Aperam’s Stainless & Electrical Steel segment increased by 13.7 percent quarter on quarter to €993 million due to a 3.6 percent increase in shipments and a 10.3 percent rise in average selling prices.
The company stated that it expects its adjusted EBITDA in the second quarter of 2026 to be significantly higher compared to the first quarter. Aperam also expects a slightly lower net financial debt in the second quarter despite working capital seasonality, thanks to earnings strength and an efficient integrated value chain.
Commenting on the results, Sud Sivaji, CEO of Aperam, said the company had achieved its best start to a year in three years and that its strong first quarter performance supported its diversified business model. Sivaji stated that, despite geopolitical challenges and energy market volatility in 2026, all segments contributed to value growth, proving once again that Aperam is much more than just a European stainless steel company. He added that, in Europe, the company is not merely waiting for a market recovery, but is benefiting from a structural shift, and that the upcoming trade defense regulations provide a secure framework for Aperam to capture the “Europe Upside” while it continues to deliver on its global transformation projects.