An update from Acerinox ( (ES:ACX) ) is now available.
Acerinox reported an EBITDA of €500 million for the fiscal year 2024, marking a 29% decrease from the previous year. The company completed the acquisition of Haynes International and sold its subsidiary Bahru Stainless, impacting its financials and debt levels. Despite a challenging year with reduced steel production and turnover, Acerinox implemented a new organizational model and saw improvements in safety metrics. The fourth quarter showed a 31% increase in EBITDA compared to the previous quarter, although steel production was reduced to manage inventories and market conditions.
More about Acerinox
Acerinox is a company operating in the steel industry, focusing primarily on the production of stainless steel products. The company is involved in various market activities, including acquisitions and sales of subsidiaries, and it has a significant presence in Europe with a focus on organizational improvements and safety enhancements.
YTD Price Performance: 19.91%
Average Trading Volume: 88,278
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €2.64B
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