Aperam's sales revenues up 9.7 percent in Q1 from Q4

Wednesday, 16 May 2018 14:57:32 (GMT+3)   |   Istanbul

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 first quarter of the current year.

In the first quarter, Aperam's net profit decreased by 17.4 percent to $85 million, while its sales amounted to $1.216 billion, rising 9.7 percent, both quarter on quarter. In the given period, steel shipments rose by 4.4 percent quarter on quarter to 517,000 mt compared to the fourth quarter of the previous year. Aperam's EBITDA amounted to $141 million, rising by 8.4 percent compared to the previous quarter.

Aperam stated that, despite the traditional seasonal effect in Brazil and rising input costs, its EBITDA increased quarter on quarter as a result of the seasonal recovery in Europe.

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