Luxembourg's Aperam Q1 revenue rises 16%

Aperam SA

30/04/2026 06:10

Overview

Luxembourg stainless steel producer's Q1 revenue rose 16% quarter-over-quarter

Adjusted EBITDA climbed to EUR 90 mln, driven by higher shipments and cost management

Net income fell to EUR 3 mln from EUR 29 mln in Q4, reflecting higher costs and tax

Outlook

Aperam expects Q2 2026 adjusted EBITDA to be significantly higher than Q1 2026

Company guides for slightly lower Q2 2026 net financial debt despite working capital seasonality

Aperam says Q2 2026 outlook depends on metal and product prices staying at current levels

Result Drivers

SEASONAL SHIPMENT INCREASE - Q1 shipments rose 11% quarter-over-quarter, mainly due to seasonal improvement in Europe

COST MANAGEMENT & VALUATION EFFECTS - Adjusted EBITDA improved on efficient cost management and positive valuation effects

SEGMENT CONTRIBUTIONS - All segments contributed to value growth, with Stainless & Electrical Steel and Services & Solutions benefiting from higher utilization and demand

Company press release: ID:nEQbJWcwca

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
EUR 1.58 bln
Q1 EPS
EUR 0.04
Q1 Net Income
EUR 3 mln
Q1 Adjusted EBITDA
EUR 90 mln
Q1 Basic EPS
EUR 0.04
Q1 EBITDA
EUR 90 mln
Q1 Operating income
EUR 34 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the iron & steel peer group is "buy."

Wall Street's median 12-month price target for Aperam SA is €43.50, about 4.5% above its April 29 closing price of €41.64

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 14 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)