Aperam Provides Q1 2026 Market and Financial Update

Aperam has released its Q1 2026 market and financial trends update, highlighting an expected increase in adjusted EBITDA compared to Q4 2025's EUR67 million. Despite challenging European market conditions, a slight price improvement has been noted due to reduced imports, counterbalancing rising raw material costs. The alloys segment is projected to maintain strong performance.

In terms of financial outlook, the company anticipates higher financial debt due to working capital needs, yet plans for further debt reduction by year-end remain intact. The collective Q1 2026 adjusted EBITDA consensus is at EUR89 million, with a continued H1 EUR200 million EBITDA run-rate expected.

Current trading conditions are influenced by geopolitical instability from the Iran conflict, creating economic volatility. The CBAM initiative implemented this year and upcoming European trade defense measures could positively impact Aperam's performance going forward.