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 third quarter and the first nine months of the current year.
In the third quarter, Aperam's net profit increased by 15 percent to $62 million, while the company's sales amounted to $1.20 billion, rising 18.6 percent, both year on year. In the given quarter, Aperam’s steel shipments increased by 4.3 percent year on year to 477,000 mt compared to the third quarter of the previous year. Aperam's EBITDA increased slightly by 0.8 percent year on year to $125 million.
During the first nine months of the current year, the company’s net profit rose by 54 percent to $240 million, while its sales amounted to $3.74 billion, up 16.6 percent, both compared to the same period of the previous year. Aperam’s steel shipments decreased by 1.3 percent year on year to 1.44 million mt in the given period. The company’s EBITDA went up by 29.5 percent year on year to $465 million.