Luxembourg's Aperam Q2 revenue, operating profit rises on strength across segments

Aperam SA

30/07/2026 06:08

Overview
Luxembourg steel producer's Q2 revenue rose 7% qtr/qtr, best in four years
Adjusted EBITDA climbed 44% to EUR 130 mln, with net income up sharply
Company cites strong segment performance and modest price recovery in Europe

Outlook
Aperam expects Q3 2026 adjusted EBITDA to be lower than Q2 2026 due to seasonality
Company expects net financial debt to remain flat in Q3 2026, with further reduction by year-end

Result Drivers
SEGMENT PERFORMANCE - Co said strong results were driven by improved performance in Stainless & Electrical Steel and Recycling & Renewables segments
PRICE RECOVERY & VALUATION EFFECTS - Modest price recovery in Europe, seasonality in Brazil and positive valuation effects supported results
LEADERSHIP JOURNEY INITIATIVE - Structural improvements from cost and efficiency gains under Leadership Journey Phase 6 contributed to results

Company press release: ID:nEQ6XlF0Sa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
 
EUR 1.69 bln
 
Q2 EPS
 
EUR 1.59
 
Q2 Net Income
 
EUR 116 mln
 
Q2 Adjusted EBITDA
 
EUR 130 mln
 
Q2 Basic EPS
 
EUR 1.61
 
Q2 EBITDA
 
EUR 159 mln
 
Q2 Operating income
 
EUR 102 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 6 "hold" and 2 "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 €52.00, about 12.6% above its July 29 closing price of €46.18
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago

Reuters Recommended Reads
July 29 - Canada's Algoma Steel Q2 revenue falls
July 27 - Nucor beats quarterly results on strong pricing, demand
July 29 - SAIL, Krakatau Steel plan $350 million investment in stainless steel plant

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.)