Luxembourg's Aperam Q4 adjusted EBITDA falls due to pricing pressure, low Europe demand

Aperam SA

06/02/2026 06:10

Overview

Luxembourg stainless steel producer's Q4 adjusted EBITDA fell compared to Q3 and Q4 2024

Net income for Q4 improved from Q3, but annual net income declined significantly

Company launched Leadership Journey Phase 6 targeting EUR 150 mln gains by 2028

Outlook

Aperam expects Q1 2026 EBITDA to be higher than Q4 2025

Company anticipates increased Q1 2026 net financial debt due to higher working capital needs

Aperam launches Leadership Journey Phase 6 targeting EUR 150 mln gains from 2026 to 2028

Result Drivers

LEADERSHIP JOURNEY - Phase 5 of the Leadership Journey achieved EUR 195 mln in gains, ahead of the target schedule, contributing to structural improvements

PRICE PRESSURE - Adjusted EBITDA decreased due to pricing pressure and low demand in Europe, impacting overall performance

SEASONALITY IMPACT - Shipments decreased in Q4 due to seasonality in Brazil and low demand in Europe

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
EUR 1.36 bln
Q4 EPS
EUR 0.40
Q4 Net Income
EUR 29 mln
Q4 Adjusted EBITDA
EUR 67 mln
Q4 Basic EPS
EUR 0.40
Q4 EBITDA
EUR 39 mln
Q4 Operating income
-EUR 29 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 €36.00, about 3% below its February 5 closing price of €37.12

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nEQ7Z1SrSa

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(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.)