Aperam published its Q1 2025 results

First quarter 2025 results “Solid start into 2025 despite lack of economic tailwind” Luxembourg, April 30, 2025 (07:00 CEST) – Aperam S.A. (referred to as “Aperam” or the “Company”) (Amsterdam, Luxembourg, Paris, Brussels: APAM, NYRS: APEMY), announced today results for the three months ended March 31, 2025.

Highlights

• Health and Safety: LTI frequency rate of 1.7x in Q1 2025 compared to 1.2x in Q4 2024
• Shipments of 575 thousand tonnes in Q1 2025, 14% increase compared to shipments of 505 thousand tonnes in Q4 2024
• Adjusted EBITDA of EUR 86 million in Q1 2025, compared to Adjusted EBITDA of EUR 116 million in Q4 2024
• Net result and Basic earnings per share
• Excluding Universal, Pro Forma net income of EUR 7 million and Pro Forma Basic earnings per share of EUR 0.09 in Q1 2025
• Net loss of EUR (18) million and Basic earnings per share of EUR (0.24) in Q1 2025, compared to Net income of EUR 12 million and Basic earnings per share of EUR 0.17 in Q4 2024
• Free cash flow before dividend amounted to EUR (574) million in Q1 2025, after EUR (415) million paid for the acquisition of Universal, compared to EUR 146 million in Q4 2024
• Net financial debt of EUR 1,235 million as of March 31, 2025, including EUR 517 million for the absorption of the enterprise value of Universal, compared to EUR 544 million as of December 31, 2024

Strategic initiatives

Leadership Journey®​ Phase 5: Gains reached EUR 21 million in Q1 2025 and a cumulative EUR 116 million versus target gains of EUR 200 million over the period 2024 to 2026

Prospects

• Q2 2025 adjusted EBITDA is expected at a higher level versus Q1 2025
• We expect Q2 2025 net financial debt to decrease

Timoteo Di Maulo, CEO of Aperam, commented: “While the start to the year was full of political surprises Aperam delivered as promised. We closed the acquisition of Universal in record time, and our quarterly earnings, cash flow and debt numbers fully matched guidance. Reliable projections for the remainder of the year are challenging in the current volatile environment. What we can promise is a flexible and resilient company that lives up to its track record of delivering shareholder value. Universal strengthens and stabilizes our earnings profile but it also makes generating cash for paying the dividend and reducing leverage – now our number one financial priority.“

Read our Press Releases: