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Aperam: adjusted EBITDA more than doubles in Q1

( - Aperam has reported adjusted net profit of 219 million euros, or 2.
83 euros per share, for Q1 2022, along with adjusted EBITDA that more than doubled y-o-y (+207%) to 363 million euros.

The stainless, electrical and speciality steel manufacturer's sales jumped 92.4% y-o-y to 2.26 billion euros, with volume deliveries up 36.5% to 673,000 tonnes.

Regarding its outlook for Q2 2022, Aperam expects adjusted EBITDA to be higher than in Q1, as well as a slight decrease in its net financial debt (which stood at 666 million euros at the end of March).

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