© Fred Debrock
Brussel –
Aperam recorded a net loss of 19 million euros in the first quarter. Twelve months earlier, there was a profit of 132 million euros for the stainless steel producer, with large factories in Genk and Châtelet, near Charleroi.
The turnover of the company, which tumbled out of the BEL20 earlier this year, fell by approximately 220 million euros on an annual basis to 1.66 billion euros, which is more than 100 million euros more than in the closing quarter of 2023. The adjusted EBITDA profit (profit before interest, taxes, depreciation and depreciation) fell by more than half on an annual basis to 55 million euros.
According to CEO Timoteo Di Maulo, the European industry is going through a similar period as in corona year 2020, but the dip is now lasting longer. “The first quarter was the seventh quarter in a row with a recession in the stainless steel industry.”
The Luxembourg stainless steel company was split off from steel giant ArcelorMittal more than ten years ago. In Belgium, the company has a factory in Genk, which provides almost 1,200 jobs, and in Châtelet, near Charleroi. 750 people work there. The four other production sites are located in Brazil and France (3). (b)
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