Acerinox mitigates the impact of the pandemic and recognises a profit of EUR 28 million in the third quarter

Since the beginning of the crisis, management has been focused on generating cash flow, increasing liquidity and reducing costs. Adjusted EBITDA, EUR 267 million, was down by just 8% thanks to the incorporation of VDM and the cost reductions undertaken. In a year marked by the pandemic, Acerinox’s turnover totalled EUR 3,451 million between January and September, just 6% lower than that of 2019. In the first three quarters, melting shop production, 1,582,499 tonnes, decreased by 9% compared to the same period of 2019.

Read more at ACERINOX MITIGATES THE IMPACT OF THE PANDEMIC AND RECOGNISES A PROFIT OF EUR 28 MILLION IN THE THIRD QUARTER.

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