Aperam released an unsurprising set of (good) numbers for FY22.
Energy prices, inventory valuation and cost inflation weighed on Q4 margins though (not a surprise either).
The outlook calls for a normalization of the group’s markets, as had been expected.
We will adjust our numbers a tick downwards, particularly for FY23 and possibly FY24.

14 Feb 2023
FY22 more than OK, before an expected slow down in FY23/24

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FY22 more than OK, before an expected slow down in FY23/24
Aperam released an unsurprising set of (good) numbers for FY22.
Energy prices, inventory valuation and cost inflation weighed on Q4 margins though (not a surprise either).
The outlook calls for a normalization of the group’s markets, as had been expected.
We will adjust our numbers a tick downwards, particularly for FY23 and possibly FY24.