Acerinox falls after posting Q2 net loss

Acerinox

24/07/2025 08:26

** Shares in Acerinox ACX.MC fall after it posted a 28 million euro  ($32.94 million) second-quarter net loss

** Trade related uncertainties hurt the steelmaker's ability to meet forecasts and benefit from planned tax credits in Europe, the company said

** The steelmaker posted adjusted earnings before interest, taxes, depreciation and amortisation of 112 million euros ($131.84 million), missing analysts' average estimate of 126 million euros, according to data compiled by LSEG

** "Uncertainty  around  geopolitical  turmoil  and  tariffs weighs on demand for stainless steel and high-performance alloys (HPA)," Jefferies says

** Shares are down 3.2%, at the bottom of IBEX 35 .IBEX

($1 = 0.8501 euros)

 (Reporting by Javi West Larrañaga)

 ((javier.west@thomsonreuters.com; +34 918 35 61 12))