Acerinox ( (ES:ACX) ) just unveiled an announcement.
In 2024, Acerinox navigated a challenging market environment, achieving a profit of 225 million euros despite a 29% drop in EBITDA compared to 2023. The year was marked by strategic moves, including the acquisition of Haynes International and the sale of Bahru Stainless, which helped the company mitigate market volatility and strengthen its position in the U.S. The company’s financial performance was impacted by various factors, including inventory adjustments and workforce expenses, but it maintained a solid cash generation and shareholder remuneration. Looking ahead, Acerinox anticipates a recovery in stainless activity and expects recent U.S. policy measures to boost demand.
More about Acerinox
Acerinox is a prominent player in the stainless steel industry, focusing on the development and expansion of high-value-added solutions. The company has a significant presence in the high-performance alloys sector, particularly in the United States, following its acquisition of Haynes International.
YTD Price Performance: 19.91%
Average Trading Volume: 88,278
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €2.64B
For detailed information about ACX stock, go to TipRanks’ Stock Analysis page.