Acerinox Group achieves in 2010 a result after taxes and minorities of EUR 123 million, improving by EUR 352 million the figure registered in 2009.

The EBITDA generated in the year, EIR 390 million, improved by EUR 555 million with regard to the previous year.

It said “In a very complex economic environment, the company consolidates its competitive leadership in the industry, being the sole Western producer to register profits continuously in the last six quarters. These results prove the success of the Strategic Plan, the improvements achieved by the Excellence Plan 2009-2010 and the savings obtained by the Adjustment Plan 2009.”

It added “After three years of worldwide stainless steel production recession, it is confirmed the recovery of the sector. The company is optimistic in face of the coming months.”