Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on ACERINOX SA. We currently have 7 research reports from 1 professional analysts.
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FY16 fully in line and a rather sound outlook
01 Mar 17
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).
FY15: low prices biting into profits
01 Mar 16
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.
19 Apr 17
We take a look at the supply and demand dynamics of the world’s largest diamonds. Less than 200 very large (>200 carat) gem quality diamonds have ever been found, yet 23 of these have been found in the past three years. This dramatic increase is being driven by a combination of the rapid increase in the number of billionaires and hence price and demand, combined with technological developments that have improved large diamond recovery and a certain amount of geological good luck.
Small Cap Breakfast
19 Apr 17
Global Ports Holding—Intention to float on Standard List. International cruise ports operator. Seeking $250m raise including $75m primary offer. Dorcaster—Schedule One Update. Admission now expected 3 May. RTO of Escape Hunt raising £14m at 135p Verditek— Intention to float on AIM. On Admission, the Company's subsidiaries will be involved in advanced solar photovoltaic, filtration and absorption technologies specialising in providing environmental services. Raising £3.5m. Admission in May. Eddie Stobart Logistics— Schedule 1. Admission expected 25 April but capital raising details TBC. ADES International Holding— Intends to join the Standard List in May raising up to $170m plus a vendor sale. Provider of offshore and onshore oil and gas drilling and production services in the Middle East and Africa. Admission expected in May. Tufton Oceanic Assets– Offer extended to 9 May to enable investors to complete further due diligence.