Acerinox released Q1 17 results. Sales reached €1,252m (+31.4%), EBITDA €191.2m (vs €41m), EBIT €146.1m (vs €0.5m) and net income €97.9m (vs €-8.3m). Net debt at the end of Q1 17 was €600.5m (vs €620m at year-end 2016 and €693.4m a year ago). The qualitative outlook given by the group suggests Q2 will be reasonably strong, although the P&L will no longer benefit from the revaluation of inventory and raw materials.
27 Apr 2017
Nice Q1 17 results, with a somewhat softer outlook
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Nice Q1 17 results, with a somewhat softer outlook
Acerinox SA (ACX:WBO) | 0 0 0.6% | Mkt Cap: 3,084m
- Published:
27 Apr 2017 -
Author:
Fabrice Farigoule -
Pages:
2
Acerinox released Q1 17 results. Sales reached €1,252m (+31.4%), EBITDA €191.2m (vs €41m), EBIT €146.1m (vs €0.5m) and net income €97.9m (vs €-8.3m). Net debt at the end of Q1 17 was €600.5m (vs €620m at year-end 2016 and €693.4m a year ago). The qualitative outlook given by the group suggests Q2 will be reasonably strong, although the P&L will no longer benefit from the revaluation of inventory and raw materials.