Q3 19 results were in line with market expectations. Margins, in particular, held up well in a softer demand context. Management expects a slightly better Q4, with a positive effect from seasonality in Europe. The efficiency of the new EU measures remains to be seen. We will adjust our numbers for 2020-21, since it may take a bit longer for the market to “normalise”.
06 Nov 2019
Q3 19 results: resilience
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Q3 19 results: resilience
Aperam S.A. (APAM:WBO) | 0 0 (-0.4%) | Mkt Cap: 3,664m
- Published:
06 Nov 2019 -
Author:
Fabrice Farigoule -
Pages:
3
Q3 19 results were in line with market expectations. Margins, in particular, held up well in a softer demand context. Management expects a slightly better Q4, with a positive effect from seasonality in Europe. The efficiency of the new EU measures remains to be seen. We will adjust our numbers for 2020-21, since it may take a bit longer for the market to “normalise”.