Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on APERAM. We currently have 7 research reports from 1 professional analysts.
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FY16: not bad at all...as usual!
10 Feb 17
Aperam released FY16 results. Revenues reached US$4,265m (-9.6%), EBITDA US492$m (-1.8%), EBIT US$317m (-3%) and net income US$214m (+24.4%). Net debt at the end of FY16 was US$154m (vs US316$m at the end of FY15 and US$241m in Q3). A dividend of US$1.50 will be proposed as well as a share buy-back programme of up to US$100m. The group expects Q1 17 EBITDA to increase sequentially and a new reduction in net debt.
Q3 and FY16 outlook fully in line
08 Nov 16
Aperam released Q3 16 results. Revenues reached US$1,015m (-8.8%), EBITDA US$124m (+14.8%), EBIT US$81m (+20.9%) and net income US$54m (+74). Over 9 months, sales reached US$3,212m (-11.6%), EBITDA US$359m (-9.3%), EBIT US$234m (-10.7%) and net US$156m (+12.2%). Net debt at the end of Q3 amounted to US$241m (vs US$280m in Q2). The group expects EBITDA to slightly increase in Q4 vs Q3, with full-year EBITDA thus reaching at least US$483m.
H1 results: decent with some hopes for improvement
27 Jul 16
Aperam released H1 numbers. Sales reached US$2,197m (-12.8%), EBITDA US$235m (-18.4%), EBIT US$153m (-21.5%) and net income US$102m (-5.6%). Free cash flow (ex-dividend) amounted to US$93m (-8.8%). Net debt at the end of Q2 was US$280m vs US$338m in Q1 and US$316m at year-end 2015. The group expects Q3’s EBITDA to be similar to Q2’s, which would imply c. US$360m in EBITDA over 9 months, with a further decrease in net debt.
Very decent Q1 16 results
05 May 16
Q1 16 revenues reached US$1,076m (-14.5%), EBITDA US$112m (-15.8%), EBIT US$73m (-15.1%) and net income US$49m (+16.7%). Net debt at the end of Q1 16 amounted to US$338m vs US$316m at year-end 2015 and US$508m in Q1 15. The company anticipates a « slight increase » in EBITDA for Q2 while the net debt should « slightly decrease ».
FY15 in line, while outlook is rather unclear
11 Feb 16
Aperam released its FY15 results. Revenues reached US$4,716m (-14%), EBITDA US$501m (-8%), EBIT US$327m (+10%), and the net result US$172m (+81%). Net debt at year-end 2015 amounted to US$316m vs US$536m a year earlier. The dividend proposed will be US$1.25 (vs zero) and in line with what was already announced, to be paid in four installments (March, June, September, December). The outlook calls for a slight increase in EBITDA in Q1 16 vs Q4 15 where it reached US$105m. This compares to US$133m in Q1 15.
Tough times for all players
06 Nov 15
Aperam 9 months figures show a 13.3% decline in sales to US$,635m, a decrease in EBITDA of 8% to US$396m, a slight increase in operating income (+7.8%) to US$262m and, lastly, a strong increase in net income to US$139m (vs US$76m). Net debt at the end of Q3 reached US$419m vs US$454m in H1. The group also indicated Q4 EBITDA should be "comparable to Q3", thus implying a full-year EBITDA in the €500m region. A dividend of US1.25 will be proposed at the AGM.
19 Apr 17
We take a look at the supply and demand dynamics of the world’s largest diamonds. Less than 200 very large (>200 carat) gem quality diamonds have ever been found, yet 23 of these have been found in the past three years. This dramatic increase is being driven by a combination of the rapid increase in the number of billionaires and hence price and demand, combined with technological developments that have improved large diamond recovery and a certain amount of geological good luck.
Small Cap Breakfast
19 Apr 17
Global Ports Holding—Intention to float on Standard List. International cruise ports operator. Seeking $250m raise including $75m primary offer. Dorcaster—Schedule One Update. Admission now expected 3 May. RTO of Escape Hunt raising £14m at 135p Verditek— Intention to float on AIM. On Admission, the Company's subsidiaries will be involved in advanced solar photovoltaic, filtration and absorption technologies specialising in providing environmental services. Raising £3.5m. Admission in May. Eddie Stobart Logistics— Schedule 1. Admission expected 25 April but capital raising details TBC. ADES International Holding— Intends to join the Standard List in May raising up to $170m plus a vendor sale. Provider of offshore and onshore oil and gas drilling and production services in the Middle East and Africa. Admission expected in May. Tufton Oceanic Assets– Offer extended to 9 May to enable investors to complete further due diligence.