Luxembourg headquartered Ternium SA has announced highest ever EBITDA of USD 5.9 billion on steel shipments of 12.1 million tonnes in 2021, with EBITDA margin of 36% and EBITDA per ton of USD 485. Revenue per tonne reached USD 1,309 in 2021, the highest on record, increasing USD 561 compared to revenue per tonne in 2020, on higher steel prices in all of Ternium's markets. Operating income amounted to USD 5.3 billion in 2021 & net income was USD 4.4 billion.Ternium’s steel shipments in 2021 were 12.1 million tonnes, up 705,000 tonnes compared to shipment levels in 2020 reflecting the ramp-up of Ternium's new facilities in Colombia and Mexico, and a recovery from the impact of the COV1D-19 outbreak on economic activity and steel demand in 2020. Shipments in Mexico increased 11% year-over-year in 2021, mainly due to higher activity levels in the export-led industrial sector. In the Southern Region, shipments increased 30% year-over-year in 2021 on higher durable goods consumption and increased activity in the construction sector. In the Other Markets region, shipments decreased 14% year-over-year, reflecting lower slab shipments to third parties partially offset by higher finished steel shipments. Outlook - Following an outstanding 2021, during which Ternium achieved record profitability and successfully completed its capacity expansion program, the company expects to deliver solid performance in 2022, despite a business environment with gradually normalizing steel prices and margins, supported by the ongoing ramp-up of the new hot-rolling mill in its Pcsqucria facility. In the USMCA region, supply chain disruptions continue to affect several manufacturing industries’ input procurement. For the automotive industry specifically, ongoing semiconductor scarcity is causing low unit inventory levels and significant pent-up demand. During 2022, Ternium anticipates this situation to gradually adjust and drive increased apparent steel demand in the region that, coupled with a decrease in steel imports, should cause declining steel prices to stabilize during the first half of the year. In Argentina, shipments remained at relatively stable levels during 2021, and the company expects this to continue in the first quarter, driven by healthy activity in the construction, agribusiness and automotive industries. The outlook for the Argentine market in 2022, however, remains significantly uncertain, given the unstable macroeconomic variables that persist in the country. Ternium expects a sequential decrease in EBITDA in the first quarter of 2022, primarily resulting from lower margins, partially offset by higher shipments in the USMCA region.Luxembourg headquartered Ternium SA has announced highest ever EBITDA of USD 5.9 billion on steel shipments of 12.1 million tonnes
Luxembourg headquartered Ternium SA has announced highest ever EBITDA of USD 5.9 billion on steel shipments of 12.1 million tonnes in 2021, with EBITDA margin of 36% and EBITDA per ton of USD 485. Revenue per tonne reached USD 1,309 in 2021, the highest on record, increasing USD 561 compared to revenue per tonne in 2020, on higher steel prices in all of Ternium's markets. Operating income amounted to USD 5.3 billion in 2021 & net income was USD 4.4 billion.Ternium’s steel shipments in 2021 were 12.1 million tonnes, up 705,000 tonnes compared to shipment levels in 2020 reflecting the ramp-up of Ternium's new facilities in Colombia and Mexico, and a recovery from the impact of the COV1D-19 outbreak on economic activity and steel demand in 2020. Shipments in Mexico increased 11% year-over-year in 2021, mainly due to higher activity levels in the export-led industrial sector. In the Southern Region, shipments increased 30% year-over-year in 2021 on higher durable goods consumption and increased activity in the construction sector. In the Other Markets region, shipments decreased 14% year-over-year, reflecting lower slab shipments to third parties partially offset by higher finished steel shipments. Outlook - Following an outstanding 2021, during which Ternium achieved record profitability and successfully completed its capacity expansion program, the company expects to deliver solid performance in 2022, despite a business environment with gradually normalizing steel prices and margins, supported by the ongoing ramp-up of the new hot-rolling mill in its Pcsqucria facility. In the USMCA region, supply chain disruptions continue to affect several manufacturing industries’ input procurement. For the automotive industry specifically, ongoing semiconductor scarcity is causing low unit inventory levels and significant pent-up demand. During 2022, Ternium anticipates this situation to gradually adjust and drive increased apparent steel demand in the region that, coupled with a decrease in steel imports, should cause declining steel prices to stabilize during the first half of the year. In Argentina, shipments remained at relatively stable levels during 2021, and the company expects this to continue in the first quarter, driven by healthy activity in the construction, agribusiness and automotive industries. The outlook for the Argentine market in 2022, however, remains significantly uncertain, given the unstable macroeconomic variables that persist in the country. Ternium expects a sequential decrease in EBITDA in the first quarter of 2022, primarily resulting from lower margins, partially offset by higher shipments in the USMCA region.Luxembourg headquartered Ternium SA has announced highest ever EBITDA of USD 5.9 billion on steel shipments of 12.1 million tonnes
