Luxembourg-based stainless steel producer Aperam reported a net profit of €7 million in the third quarter of 2026, compared with a €21 million loss a year earlier. EBITDA rose 39% year on year to €103 million, according to the company’s results.
Sales increased 7.1% year on year to €1.510 billion, but fell 10.6% from the second quarter. Shipments declined 10.9% to 540,000 mt amid a seasonal slowdown in key markets. Adjusted EBITDA was €105 million, up from €74 million a year earlier and down from €130 million in the second quarter.
Adjusted EBITDA in the stainless and electrical steel segment rose to €52 million from €36 million. Weak European demand and seasonality weighed on performance, partly offset by resilient Brazilian operations. Aperam attributed the increase in EBITDA to structural efficiency gains and trade defense measures.
For January–September, Aperam posted a net profit of €126 million, compared with a €20 million loss a year earlier. Sales totaled €4.774 billion, while shipments reached 1.763 million mt, up from 1.733 million mt in the same period last year. Net financial debt fell to €980 million at the end of September from €993 million at the end of June. Assuming metal and product prices remain stable, the company expects fourth-quarter adjusted EBITDA to be slightly higher than in the third quarter and debt to decline further by year-end.
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