Oct 31 (Reuters) - Acerinox SA ACX.MC:
Q3 REVENUE 1.42 BILLION EUROS VERSUS 1.43 BILLION EUROS LSEG ESTIMATE
Q3 NET PROFIT 25 MILLION EUROS
Q3 EBITDA 108 MILLION EUROS VERSUS 111.5 MILLION EUROS LSEG ESTIMATE
MAINTAINS POLICY OF PRIORITIZING WORKING CAPITAL AND CASH GENERATION FOR THE END OF THE YEAR
GIVEN YEAR-END SEASONALITY IN U.S., SALES TO FALL, SEES EBITDA FOR Q4 WILL BE LOWER THAN THAT OF Q3
MAINTAINS THE SAME SHAREHOLDER REMUNERATION AS LAST YEAR
CONSIDERS A POSITIVE STEP FORWARD RECENT PROPOSAL OF TRADE DEFENSE MEASURES IN EU AIMED AT PROTECTING STEEL SECTOR AGAINST UNFAIR COMPETITION AND GLOBAL OVERCAPACITY
IT IS EXPECTED THAT THESE INITIATIVES, ONCE IMPLEMENTED, WILL POSITIVELY IMPACT RESULTS OF ACERINOX AS WELL AS REST OF STEEL SECTOR
Source text: ID:nCNMlxCYPF
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