Education
About Us
Working with TipRanks
Follow Us
Aperam SA (APEMY)
OTHER OTC:APEMY
Earnings Data
Report Date
Apr 30, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-0.29Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a mix of constructive company-specific progress and near-term market headwinds. Highlights include clear CapEx and investment plans (EUR 200m CapEx in 2026 and EUR 160m site upgrades over 3 years), an articulated Leadership Journey expected to add ~EUR 150m EBITDA (including Universal synergies), a stronger Q1/Q2 EBITDA run-rate (EUR 100m quarterly in H1), improved Brazil performance (EUR ~75m EBITDA) and flexible spare EAF capacity with a 7%–10% potential utilization uplift. Lowlights are primarily market-driven: a Q4 import surge created an H1 inventory overhang, CBAM/trade defense timing and importer behaviors remain uncertain (despite a planned 1 July start), a ~EUR 300/tonne margin gap versus historic averages, and limited forward visibility due to short order books (2.5 months). On balance, company fundamentals, clear targets, capacity to ramp and diversification into alloys/specialties give meaningful upside potential, while the lowlights represent industry and timing risks that management is actively addressing.Company Guidance
Capacity Utilization and Upside Potential
Current European capacity utilization at Aperam is between 65% and 75%. Management expects a 7%–10% utilization lift from replacement of imports under trade defense measures, and notes flexible electric-arc-furnace (EAF) capacity that can be ramped quickly to capture this upside.
Near-Term EBITDA Momentum (H1 2026)
Guidance that Q1 2026 EBITDA will be higher than Q4 2025 and a EUR 100 million quarterly run-rate is expected in the first half of 2026, with sequential ramping and stronger momentum in Q2.
Brazil Performance and Protective Duties
Brazil EBITDA improved to approximately EUR 75 million in the period reported and is considered a normalized low-cycle run-rate for 2026. Announced increases in Brazilian duties for certain product categories (from 12.6% to 25%) are expected to have a positive impact, estimated at mid-single-digit EBITDA contribution per quarter and to help pick up results from end-Q2 / early-Q3.
Leadership Journey and M&A Synergies
Management outlines a Leadership Journey adding roughly EUR 150 million incremental EBITDA (including Universal synergies). Additional announced investments are expected to add around EUR 50 million of EBITDA (ramping into 2028 with full effect by 2029).
Normalized EBITDA Guidance and Floor
Company sets a normalized EBITDA target range of EUR 700 million–EUR 800 million. Management explains the range reflects a conservative floor (EUR 700m) with upside tied to trade defense/CBAM effectiveness and margin recovery versus prior cycles.
CapEx Clarity and Multi-Year Investment Plan
2026 CapEx guided at around EUR 200 million. A EUR 160 million site-upgrade program over 3 years is included in the 2026 figure; continuity CapEx around EUR 150 million with similar levels expected in 2027–2028 absent new growth projects.
Recycling & Renewables and Alloys & Specialties Targets
R&R guidance remains at EUR 80–85 million and is considered achievable. Alloys & Specialties expected to reach around EUR 100 million plus ~EUR 60 million contribution from Universal and ~EUR 9 million identified synergies, pointing to >EUR 160 million run-rate by year-end as ramps complete.
Limited Exposure to Nickel Volatility
Management states limited exposure to LME nickel volatility for core stainless business because most nickel requirements are met from scrap; the fuels/alloys business that is LME-related is fully hedged. Alloy surcharge increases in February are deemed of limited relevance to European volumes.
APEMY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
APEMY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 06, 2026 | $43.70 | $49.05 | +12.24% |
Nov 07, 2025 | $34.05 | $35.04 | +2.90% |
Jul 31, 2025 | $29.64 | $28.73 | -3.08% |
Apr 30, 2025 | $29.80 | $27.67 | -7.14% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Aperam SA (APEMY) report earnings?
Aperam SA (APEMY) is schdueled to report earning on Apr 30, 2026, TBA (Confirmed).
What is Aperam SA (APEMY) earnings time?
Aperam SA (APEMY) earnings time is at Apr 30, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is APEMY EPS forecast?
Currently, no data Available