Aperam (referred to as “Aperam” or the “Company”) (Amsterdam, Luxembourg, Paris: APAM and NYRS: APEMY), announced today results for the three month ending June 30, 2016

Timoteo Di Maulo, CEO of Aperam, commented:

“Despite headwinds from the current market conditions, Aperam continues to improve its operational performance, delivering a record high of operating cash flow generation over a second quarter.

Looking ahead, we remain confident in our capacity to deliver solid operational results and cash flow with the contribution of our Leadership Journey®6 and Top Line strategy.”

Health and Safety frequency rate2 of 2.1x in Q2 2016 compared to 1.1x in Q1 2016
■ Shipments of 520 thousand tonnes in Q2 2016, an 8% increase compared to shipments of 483 thousands tonnes in Q1 2016
■ EBITDA3 of USD 123 million in Q2 2016, compared to EBITDA of USD 112 million in Q1 2016
■ Net income of USD 53 million in Q2 2016, compared to a net income of USD 49 million in Q1 2016
■ Basic earnings per share of USD 0.68 in Q2 2016 compared to basic earnings per share of USD 0.63 in Q1 2016
■ Cash flow from operations amounted to USD 112 million in Q2 2016, compared to cash flow from operations of USD 39 million in Q1 2016
■ Free cash flow before dividend4 amounted to USD 87 million in Q2 2016, compared to free cash flow before dividend of USD 6 million in Q1 2016
■ Net debt5 of USD 280 million as of June 30, 2016, representing a gearing of 11% compared to a net debt of USD 338 million as of March 31, 2016

Prospects
■ EBITDA in Q3 2016 is expected to be comparable to EBITDA in Q2 2016
■ Net debt5 to decrease in Q3 2016

Lees meer op
http://www.aperam.com/news/110/80/Second-quarter-2016-results

tijd 09.22
Aperam EUR 36,555 +1,75 vol. 148.000