Acerinox released FY17 results. Sales reached €4,627m (+17%), EBITDA €489m (+49%), EBIT €318m (+102%), and the net result €284m (vs €80m). Net debt at the end of FY17 was €609m vs €620m in FY16 and €711m a year before that. As was indicated in Q3, which showed rather weak results due to the sharp fall in the price of ferrochrome, reducing market activity and pressuring base price, Q4 showed a much better pattern, with sales up 4.6% sequentially and the
28 Feb 2018
FY17 was fine….with no huge upside in sight though
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FY17 was fine….with no huge upside in sight though
Acerinox SA (ACX:WBO) | 0 0 0.6% | Mkt Cap: 3,084m
- Published:
28 Feb 2018 -
Author:
Fabrice Farigoule -
Pages:
2
Acerinox released FY17 results. Sales reached €4,627m (+17%), EBITDA €489m (+49%), EBIT €318m (+102%), and the net result €284m (vs €80m). Net debt at the end of FY17 was €609m vs €620m in FY16 and €711m a year before that. As was indicated in Q3, which showed rather weak results due to the sharp fall in the price of ferrochrome, reducing market activity and pressuring base price, Q4 showed a much better pattern, with sales up 4.6% sequentially and the