Steelmaker Aperam rises after flagging higher Q1 core profits

Aperam SA

06/02/2026 08:26

** Shares in stainless steelmaker Aperam APAM.AS rise about 6% after the company said its core earnings would rise quarter-on-quarter in the first three months of 2026

** Aperam's core profit came in at 67 million euros ($79 million) in the quarter, exactly in line with the company provided consensus

** The firm's expectations of a higher EBITDA in Q1 compared to Q4 are consistent with consensus and J.P. Morgan's estimates, the brokerage says in a note

** "Guidance reinforces our JPM forecasts that Q4 represents trough earnings across the EU Steel sector in 2025-2027, thus reinforcing our positive outlook and risk/reward for EU Stainless Steel," it adds

** Shares are at their highest since June 2022

 (Reporting by Javi West Larrañaga)

 ((javier.west@thomsonreuters.com; +34 918 35 61 12))