Aperam Reports Strong Surge in Results for H1 of 2021
Luxembourg-headquartered global stainless steel producer Aperam SA CEO Mr Timoteo Di Maulo said “I am delighted to report again a record result in the second quarter for which Brazil and S&S were major drivers by achieving the best quarter ever. Europe also improved significantly as the price environment has now fully normalized on the back of the economic recovery and more effective protection against dumping. While restocking driven demand, stretched global supply chains and positive effects from higher raw material prices will eventually fade, we expect the positive environment to persist during the second half of the year. This coupled with the continued improvement and higher flexibility achieved through our Leadership Journey* puts us in a position to project the best second half in Aperam's history.”
Aperam has reported a net profit of EUR 213 million, increasing by 83.6% QoQ and by 914.3% YoY, while the company's sales revenues amounted to EUR 1.27 billion, rising by 8.5 QoQ and by 55.5% YoY Aperam's EBITDA increased by 54.8% QoQ and up by 453.1% YoY to EUR 271 million. In the given quarter, Aperam’s steel shipments declined by 2.4 QoQ to 481,000 tonne.
During the first half of the current year, the company’s net profit amounted to EUR 329 million, compared to EUR 50 million in the first half of the previous year, while its sales revenues amounted to EUR 2.45 billion, up 31.0% YoY. In the first half, the company's EBITDA rose by 213.7% YoY to EUR 458 million. In the same period, Aperam’s steel shipments increased by 19.6% YoY to 974,000 tonne.