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Acerinox summed up the work in the I quarter

11 May 2012
Acerinox summed up the work in the I quarter

Analysts

Group of companies Acerinox (Spain) - one

Of the world's largest producers

Stainless steel - summed up

Activity in the I quarter

current year. According to the data,

Published by the press service of the enterprise,

Level of production of the group in January-March

Amounted to 612 278 tons of steel products,

Having increased, in comparison with a similar one

The period of the last year, by 7.1%. but

While the net profit of the company

Amounted to 293.6 million euros,

Relative to last year's indicators,

On 56,7%. Gross Operating Profit

Acerinox during the reporting period "sank" on

36,1%, while the indicator of turnover

Fell by only 13% (which, to a greater extent,

Due to the decline in market prices for

Stainless steel).

Despite

Decrease in the volume of profit in comparison

"Starting" quarterly indicators

Current and past years, management

Acerinox is tuned for prospects

Optimistically. And he believes that the market

Stainless steel is confidently moving

Towards recovery. In particular,

This is indicated by the analytical indicator

EBITDA of the company for the first months of operation

In 2012. In January-March it was 96.6 million

Euro, which is almost four times higher than the level of

In the fourth quarter of 2011. And this

Speaks of a significant recovery in demand

In the market of stainless metal. And although

Yet not all Acerinox powers work with

Full load, an increase in the number

Orders are peculiar to each of the plants

Group, therefore, stabilization

Situation can be expected in the near future

Time - believe in the company.

10 May 2012
14 May 2012