Acerinox released FY16 results. Sales reached €4,221m (-6%), EBITDA €329.1m (+15%), EBIT €157.4m (+30.3%), and net result €80.3m (+87.3%). Net debt at the end of FY16 was €620m vs €711m a year before. In terms of outlook, the group is rather vague, which is usual, but it stressed the first quarter is running satisfactorily with base price increases in both Europe and the US and could substantially surpass the Q4 results (where EBITDA reached €106m).
01 Mar 2017
FY16 fully in line and a rather sound outlook
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FY16 fully in line and a rather sound outlook
Acerinox SA (ACX:WBO) | 0 0 0.6% | Mkt Cap: 3,084m
- Published:
01 Mar 2017 -
Author:
Fabrice Farigoule -
Pages:
2
Acerinox released FY16 results. Sales reached €4,221m (-6%), EBITDA €329.1m (+15%), EBIT €157.4m (+30.3%), and net result €80.3m (+87.3%). Net debt at the end of FY16 was €620m vs €711m a year before. In terms of outlook, the group is rather vague, which is usual, but it stressed the first quarter is running satisfactorily with base price increases in both Europe and the US and could substantially surpass the Q4 results (where EBITDA reached €106m).