Steel producer Aperam Q3 sales fall on seasonal slowdown

Aperam SA

Yesterday 06:06

Overview
Luxembourg steel producer's Q3 sales fell 10.6% quarter-on-quarter due to seasonal slowdown
Adjusted EBITDA declined from prior quarter, impacted by seasonality and scheduled maintenance
Net income dropped sharply from previous quarter amid weaker demand and lower shipments

Outlook
Company expects Q4 2026 adjusted EBITDA to be slightly higher than Q3 2026
Aperam expects further reduction in net financial debt by year-end 2026
Company says Q4 outlook depends on metal and product prices remaining at current levels

Result Drivers
SEASONAL SLOWDOWN - Co said Q3 shipments and activity were reduced by typical European summer slowdown
SCHEDULED MAINTENANCE - Co said scheduled maintenance in Alloys segment contributed to lower Adjusted EBITDA
WEAK DEMAND - Co said lack of demand recovery in Europe contributed to lower Adjusted EBITDA

Company press release: ID:nEQ4XZkhka

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
 
EUR 1.51 bln
 
Q3 EPS
 
EUR 0.09
 
Q3 Net Income
 
EUR 7 mln
 
Q3 Adjusted EBITDA
 
EUR 105 mln
 
Q3 Basic EPS
 
EUR 0.09
 
Q3 EBITDA
 
EUR 103 mln
 
Q3 Operating income
 
EUR 42 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 €49.00, about 42.8% above its November 5 closing price of €34.32
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 13 three months ago

Reuters Recommended Reads
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Nov 5 - ArcelorMittal Q3 revenue rises on higher steel shipments, profit hit by Ukraine ops
Nov 5 - Nippon Steel raises FY26 profit forecast by 52% on robust US Steel earnings

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.)