Acerinox released FY15 results. Sales reached €4,221.4m (-3.6%), EBITDA €286.2m (-37%), EBIT €120.9m (-59.4%), and the net result €42.9m (-68.5%). Net debt at the end of FY15 was €711m vs €616m a year before. In terms of outlook, the group stressed that prices were kept very low in Q1, which will affect the Q1 results. Looking beyond, the situation should improve once the price of nickel stabilises.
01 Mar 2016
FY15: low prices biting into profits
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FY15: low prices biting into profits
Acerinox SA (ACX:WBO) | 0 0 0.6% | Mkt Cap: 3,084m
- Published:
01 Mar 2016 -
Author:
Fabrice Farigoule -
Pages:
2
Acerinox released FY15 results. Sales reached €4,221.4m (-3.6%), EBITDA €286.2m (-37%), EBIT €120.9m (-59.4%), and the net result €42.9m (-68.5%). Net debt at the end of FY15 was €711m vs €616m a year before. In terms of outlook, the group stressed that prices were kept very low in Q1, which will affect the Q1 results. Looking beyond, the situation should improve once the price of nickel stabilises.