Aperam’s sales declined by 14.8% compared to the previous quarter to EUR 1.41 billion. Steel shipments fell by 4.1% to 567 thousand tonnes, while EBITDA decreased from EUR 112 million in the second quarter to EUR 74 million. The company recorded a pre-tax profit of EUR 9 million for the quarter, with net debt standing at EUR 1.045 billion.
During the third quarter, the company generated EUR 138 million of free cash flow (before dividends). Aperam CEO Timoteo Di Maulo stated, “Despite challenging market conditions, we succeeded in generating strong cash flow and reducing our debt. These results demonstrate the resilience of our business model and the effectiveness of our transformation programs.”
Under its Leadership Journey® 2 Phase 5 performance improvement program, Aperam achieved EUR 165 million in gains in the first nine months of the year, with a target of EUR 200 million by 2026. The company expects lower EBITDA in the fourth quarter of 2025, but projects net debt to decline by more than EUR 200 million by year-end.
Aperam also announced a management change in September, confirming that CEO Timoteo Di Maulo will step down at the beginning of 2026, with CFO Sudhakar Sivaji set to assume the CEO role. Sivaji has served as the company’s Chief Financial Officer since 2020.
Aperam added that it welcomes the European Commission’s new trade policy initiative aimed at addressing the negative impact of global overcapacity on the European steel industry.
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