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Aperam's EBITDA Increased to $208 Million in The Third Quarter

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Core Tip: Luxembourg-headquartered global stainless steel producer Aperam SA, which was spun off by ArcelorMittal and separately listed

Luxembourg-headquartered global stainless steel producer Aperam SA, which was spun off by ArcelorMittal and separately listed in 2011, has announced its financial results for the third quarter and the first nine months of 2013.

In the third quarter, Aperam registered a net loss of $19 million compared to a net loss of $18 million in the same quarter of 2012. In the given quarter this year, the company's sales amounted to $1.2 billion, indicating a slight decrease of 0.3 percent, while steel shipments improved by 12.9 percent to 436,000 mt, both year on year. Aperam's EBITDA increased to $62 million from $43 million in the same period of the previous year.

During the first nine months of the current year, Aperam recorded a net loss of $58 million, remaining unchanged compared to the same period of 2012. In January-September this year, the company's sales amounted to $3.84 billion, decreasing by 3.2 percent year on year, while steel shipments saw a slight increase of 0.9 percent to 1.3 million mt compared to January-September of the previous year. Aperam's EBITDA increased to $208 million from $174 million in the same period of 2012.

 
 
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