Aperam update on Q2 2024 market & financial trends

Aperam update on Q2 2024 market & financial trends  

Luxembourg, July 1, 2024 (07:00 CET) - In preparation of the quarterly results release scheduled for 1 August 2024, we would like to remind market participants of the standing guidance, earnings drivers and events that should be considered.

The Q2 outlook, as specified in the Q1 presentation, the management podcast and during the conference call was:

• Q2 group adj. EBITDA higher than Q1-24 (EUR55m) but below Bloomberg consensus at the time of the earnings release on 3 May 2024. This was based on slightly higher volumes, the segment trends stated in the table below and stable commodity prices resulting in a neutral inventory valuation.
• This compares to the Aperam compiled Q2 adj. EBITDA consensus at EUR73m currently. The consensus is updated & published at https://www.aperam.com/investors/news-contacts/results/

Please note that forward guidance for adj. EBITDA, cash flow and net debt is always provided on a stable commodity price assumption.

Commodity prices & FX:

Source: Bloomberg, Fastmarkets

Forward Looking Statements

This document may contain forward-looking information and statements about Aperam SA and its subsidiaries. These statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Forward-looking statements may be identified by the words ‘’believe’’, ‘’expect’’, ‘’anticipate’’, ‘’target’’ or similar expressions. Although Aperam’s management believes that the expectations reflected in such forward-looking statements are reasonable, investors and holders of Aperam’s securities are cautioned that forward-looking information and statements are subject to numerous risks and uncertainties, many of which are difficult to predict and generally beyond the control of Aperam, that could cause actual results and developments to differ materially and adversely from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include those discussed or identified in Aperam’s filings with the Luxembourg Stock Market Authority for the Financial Markets (Commission de Surveillance du Secteur Financier). The information is valid only at the time of release and Aperam does not assume any obligation to update or revise its forward-looking statements on the basis of new information, future events, subject to applicable regulation.

Contact

Company Secretary / Delphine Féraud Valendru: aperam.corporate@aperam.com

Investor Relations / Thorsten Zimmermann: +352 27 36 27 304; thorsten.zimmermann@aperam.com