Q3 2024 Aperam SA Earnings Call Transcript
Key Points
- Aperam SA (APEMY) has successfully reversed the slowdown caused by previous investments in Brazil and Europe, resulting in a stronger footprint and better product mix.
- The company announced the acquisition of Universal Stainless in the United States, which is expected to enhance its market position.
- Brazil operations have returned to full run rate, achieving maximum efficiency even in a low cycle.
- The Booster program is contributing positively to the company's financial performance, with a clear ramp-up in results.
- Aperam SA (APEMY) is focusing on differentiated products, reducing dependency on commodity markets and enhancing profitability.
- The market remains challenging with low levels of activity, impacting overall performance.
- Pricing pressures are expected to continue in both Europe and Brazil, affecting margins.
- Imports from Asia, particularly Taiwan, are increasing, posing a risk to local market share.
- The company faces potential risks from geopolitical factors, such as tariffs and trade defense measures.
- Economic conditions in key markets like Germany are showing signs of weakness, affecting demand.
Hello and welcome to the upper room Q3 2024 results call. My name is Laura and I will be your coordinator for today's event. Please note this call is being recorded and for the duration of the call, your lines will be on listen and remote.(Operator instructions)
I will now hand you over to your host, Timoteo Di Maulo CEO to begin today's conference. Thank you.
Thank you. Hello, everybody. I'm Tim Di Maulo and I will do this this conference and answer to your question with the support of Sudhakar Sivaji, which is the CFO of the company I will discuss about what has been the performance of the third quarter, our guidance for the fourth. But you already see that there's something changing from the previous quarter in the sense that what has been all the footprint modification of the, the big investment we have done and which have slowed down the company in Brazil and in Europe, during the recent, the last quarter is now reversing in something which is the stronger and stronger footprint in a term.
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