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.
10 Feb 2017
FY16: not bad at all...as usual!
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FY16: not bad at all...as usual!
Aperam S.A. (APAM:WBO) | 0 0 (-0.4%) | Mkt Cap: 3,664m
- Published:
10 Feb 2017 -
Author:
Fabrice Farigoule -
Pages:
2
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.