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Aperam Provides Update on Q2 2024 Market & Financial Trends
Luxembourg, July 1, 2024 – Aperam S.A. has updated its market and financial outlook for Q2 2024, ahead of the results release on August 1, 2024. The firm expects Q2 group adjusted EBITDA to be higher than Q1-24's €55 million but still below the Bloomberg consensus forecast from May 3, 2024, driven by slightly higher volumes and stable commodity prices.
The Recycling & Renewables and Stainless & Electrical Europe segments are projected to show normalized performance, while the Stainless & Electrical Brazil segment faces operational instability. The Alloys & Specialties segment may see lower EBITDA, comparable to Q4-23 post-completion of a one-off project.
Net working capital and net debt are expected to improve, with Q2 capex projected to be within yearly guidance. Commodity prices and forward-looking statements remain stable under current projections.
R. E.
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