Aperam’s steel shipments decreased 9.4pc to 1.786mn mt in 2019 from 1.972mn mt a year earlier.
The stainless, electrical and specialty steel company saw its shipments decline to 402,000t (364688mt) during Q4 2019 from 480,000t during the same quarter in 2018.
The company’s 2019 sales totaled €4.24mn, down 9.3pc from €4.67mn a year earlier. Aperam’s Q4 2019 sales of €1mn are down from €1.12mn during the same quarter in 2018. Aperam’s stainless and electrical steel sales in 2019 totaled €3.352mn, down from €3.840mn in 2018. Its Q4 sales for the segment were €808mn, down from €913mn a year earlier.
The company’s operating income dropped to €207mn ($227mn) in 2019 from €361mn a year earlier. However, its operating income in Q4 rose to €59mn from €52 the same quarter in the previous year, and from €43mn in Q3 2019. Its EBITDA decreased to €357mn in 2019 down from €504 the year before. The company reported EBITDA of €102mn in Q4 2019, up from €90mn during the same quarter in the previous year.
Aperam’s net income in 2019 was €148mn, down from €286mn in 2018. Its Q4 2019 net income of €29mn is also down from its Q4 2018 net income of €49mn.
Aperam operates in 40 countries and has a flat stainless and electrical steel capacity of 2.5mn mt in Brazil and Europe.
€1 = $1.10 (as on February 6, 2020)