Aperam Anticipates Stronger Q4 2024 Market and Financial Performance

Aperam has released an update highlighting expectations for improved market and financial trends for Q4 2024. Despite seasonal challenges, the company foresees a favorable shift compared to the summer quarter, with adjusted EBITDA projected to surpass Q3's EUR99m due to increased steel shipments and a positive product mix. The anticipated EBITDA consensus stands at EUR109m.

The Recycling & Renewables segment targets normalized annual EBITDA of EUR80-85m, with the gap from 9M-24's EUR54m expected to be closed in Q4. Stainless & Electrical Europe anticipates balanced outcomes between higher volumes and pricing pressures. Similarly, Brazil's segment forecasts a steady Q4 performance, while Alloys & Specialties expect a boost following a Q3 downturn.

Amidst pricing pressure, Services & Solutions may see limited Q4 recovery, whereas inventory reductions could slightly benefit elimination. Free cash flow should rise as net working capital decreases, with Aperam aiming for a net debt reduction to EUR550m by 2024's end.