Aperam announced yesterday results for the three month period ended June 30, 2015. Highlights are: Health and Safety frequency rate of 0.8x in Q2 2015 compared to 1.3x in Q1 2015. Shipments of 486 thousand t in Q2 2015 compared to 469 thousand t in Q1 2015. EbitdA of USD 155 million in Q2 2015, compared to USD 133 million in Q1 2015. Net Income of USD 66 million in Q2 2015, compared to USD 42 million in Q1 2015. Basic earnings per share of USD 0.85 in Q2 2015 compared to USD 0.54 in Q1 2015. Cash flow from operations amounted to USD 78 million in Q2 2015 compared to USD 80 million in Q1 2015. Net debt of USD 454 million (with a gearing of 19%) as of June 30, 2015, compared to USD 508 million as of March 31, 2015. 

Prospects are: Ebitda in Q3 2015 is expected to be lower compared to Q2 2015 due to the traditional seasonal slowdown and current economic environment. Net debt to slightly decrease in Q3 2015.

Timoteo Di Maulo, CEO of Aperam, commented: "We are pleased to have continued to enhance our net income in the second quarter thanks to the Leadership Journey and the Top Line strategy but also due to the recent actions to optimise Aperam's cost of debt. For the remainder of 2015, we are cautious in view of the current economic environment and in particular uncertainties regarding the nickel price evolution. However we are confident that the ongoing projects will continue to improve our operational agility and efficiency."

Aperam, Luxembourg