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Aperam update on Alloys & Specialties in Q1 of 2019

Steel News - Published on Wed, 15 May 2019

Image Source: wikimedia.org
The Alloys & Specialties segment had sales of EUR 153 million for the first quarter of 2019. representing an increase of 11% compared to EUR 138 million for the fourth quarter of 2018. Steel shipments were higher during the first quarter of 2019 at 10 thousand tonnes compared to 9 thousand tonnes during the fourth quarter of 2018. Average steel selling prices increased over the quarter.

The Alloys & Specialties segment achieved an EBITDA of EUR 12 million for the first quarter of 2019 compared to EUR 7 million for the fourth quarter of 2018. The increase in EBITDA was predominantly volume related and supplemented by a positive inventory valuation effect and a better price/mix versus the previous quarter.
Depreciation and amortisation expense for the first quarter of 2019 was EUR (2) million.

The Alloys & Specialties segment had an operating income of EUR 10 million for the first quarter of 2019 compared to an operating income of EUR 6 million for the fourth quarter of 2018.

(EURO million) unless otherwise statedQ1 19Q4 18Q1 18n
Sales153138131
EBITDA12714
Depreciation and amortisation(2)(1)(2)
Operating income10612
Steel shipments (OOOt)10910
Average steel selling price (EUR/t)15,30314,98912,973
 

Source :

Posted By : Rabi Wangkhem on Wed, 15 May 2019
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