Luxembourg-headquartered global stainless steel producer Aperam SA has reported a net profit of EUR 187 million in January-March 2022 quarter, as compared to a net profit of EUR 438 million in October-December 2021 quarter and a net profit of EUR 116 million in January-March 2021 quarter. Aprams’s sales revenues amounted to EUR 2.26 billion, rising by 62.5% QoQ & 93.1% YoY. Aperam’s EBITDA increased by 5.2% QoQ & 107.4% YoY to EUR 363 million.Aperam’s steel shipments rose by 58.7% QoQ and were up by 36.5% YoY to 673,000 tonnes, due to seasonally strong stainless sales in Europe.Aperam CEO Mr Timoteo Di Maulo said “Q1 was the fifth adjusted EBITDA record in a row and we are aiming for another record in Q2 to make good on our promise of a strong first half. Strong balance sheets will be a cornerstone in the current environment and Aperam is pleased to increase the 2022 share buyback by another EUR 100 million. I am proud that our 2021 ESG report confirms Aperam's best in class C02 footprint, which includes an added sustainability value dimension of our FSC certified forest. Aperam is further significantly investing into growing this unique strategic asset."