The group posted, as expected, record results for FY22.
The momentum of the steel market has faded away, but to a lesser extent than feared so far.
Price (and margins) will still decline going into Q1 23.
We will revisit our estimates after this release, as well as integrate the likely share buy-back.

30 Jan 2023
A very sound FY22 allows a generous shareholder reward

Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
A very sound FY22 allows a generous shareholder reward
- Published:
30 Jan 2023 -
Author:
Fabrice Farigoule -
Pages:
3 -
The group posted, as expected, record results for FY22.
The momentum of the steel market has faded away, but to a lesser extent than feared so far.
Price (and margins) will still decline going into Q1 23.
We will revisit our estimates after this release, as well as integrate the likely share buy-back.