Aperam released H1 15 results. They show sales down 11.1% to US$2,522m, EBITDA down 1.7% to US$288m, EBIT up 21.1% to US$195m (on lower depreciation/impairments, keeping in mind the forex impact since the reporting is in US$) and the net result almost doubling to US$108m (vs US$55m). Net debt at the end of H1 15 stood at US$454m, down from US$508m a quarter earlier. Looking forward, the group expects EBITDA in Q3 to be lower than in Q2 due to seasonality and the current economic environment,
29 Jul 2015
H1 15 results: good and in line; cautious tone though going forward
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H1 15 results: good and in line; cautious tone though going forward
Aperam SA (APAM:WBO) | 0 0 (-0.4%) | Mkt Cap: 3,664m
- Published:
29 Jul 2015 -
Author:
Fabrice Farigoule -
Pages:
3
Aperam released H1 15 results. They show sales down 11.1% to US$2,522m, EBITDA down 1.7% to US$288m, EBIT up 21.1% to US$195m (on lower depreciation/impairments, keeping in mind the forex impact since the reporting is in US$) and the net result almost doubling to US$108m (vs US$55m). Net debt at the end of H1 15 stood at US$454m, down from US$508m a quarter earlier. Looking forward, the group expects EBITDA in Q3 to be lower than in Q2 due to seasonality and the current economic environment,