Acerinox (ES:ACX) has released an update.
Acerinox reported a 13% increase in EBITDA for Q2, driven by strong performance in its North American Stainless and high-performance alloys divisions, despite a strike at Acerinox Europe. The Group’s net financial debt significantly decreased by 44% since the end of 2023, benefiting from robust cash generation and prudent capital management. Additionally, the company is on track with its strategic investments in North American Stainless and VDM Metals, and has also closed an acquisition deal for Haynes International.
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