No big surprise in the Q1 18 results, the group’s numbers being in line with our expectations for the year. The acquisition of VDM (to be closed in H2 18) will strengthen the Alloys segment, although its size is still relatively small on the group’s scale. We are unlikely to change our forecasts and valuation much.
09 May 2018
Q1 18: on track to reach full-year forecasts
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Q1 18: on track to reach full-year forecasts
Aperam SA (APAM:WBO) | 0 0 (-0.4%) | Mkt Cap: 3,664m
- Published:
09 May 2018 -
Author:
Fabrice Farigoule -
Pages:
3
No big surprise in the Q1 18 results, the group’s numbers being in line with our expectations for the year. The acquisition of VDM (to be closed in H2 18) will strengthen the Alloys segment, although its size is still relatively small on the group’s scale. We are unlikely to change our forecasts and valuation much.