Aperam tops BEL20 after in-line Q1, upbeat Q2 outlook

Aperam SA

30/04/2026 09:13

** Shares in Aperam APAM.AS rise 8% to the top of Belgium's BEL20 .BFX, after the European stainless steel producer reported Q1 earnings in line with expectations and guided for higher EBITDA in Q2

** Q1 adjusted EBITDA is 90 million euros ($105 million), broadly in line with the company-compiled analyst consensus estimate of 87 million euros

** Aperam says Q2 adj EBITDA expected significantly higher than in Q1

** Degroof Petercam says Aperam is on a path to an earnings recovery

** "Aperam indicated there is geopolitical uncertainty and energy volatility, yet all activities delivered on earnings growth," it says

** J.P. Morgan says it expects a return of pricing power to European stainless steel producers in 2026

($1 = 0.8565 euros)

 (Reporting by Gianluca Lo Nostro)

 ((gianluca.lonostro@thomsonreuters.com))