Acerinox

Acerinox reported a net profit of €77 million for H1 2026 after a loss in the previous year, marking a clear turnaround. EBITDA rose 27%, steel production increased 2% to 1.03 million tonnes and revenue was about €2.97 billion. Strong contributions from the US business, including synergies from the Haynes integration of over $16 million, and the outlook for slightly higher EBITDA in Q3 supported the rise to a 52-week high. » More on de.investing.com

Acerinox reported an adjusted EBITDA of €119m for Q1 2026 (+18% versus the previous quarter) on net sales of €1,384m and melt production of 493,000 tonnes (+22%). The EBITDA margin improved to 7%, supported by lower inventory write-downs (€25m vs. €60m) and trade protection measures such as US tariffs (Section 232) and EU measures. The stainless-steel segment drove the recovery, while high-performance alloys were pressured by weaker oil & gas demand. Net financial debt rose to €1,295m after investments and dividend payouts; management expects Q2 EBITDA to be above Q1 levels. » More on de.investing.com

Acerinox reported 2025 net sales of €5.781 billion and adjusted EBITDA of €422 million, with strong operating cash flow of €455 million; net financial debt rose to €1.189 billion. Management highlighted inventory optimization, cost programs (Beyond Excellence) and synergies from the Haynes International acquisition and raised the efficiency target. New US and EU tariffs and regulatory measures are expected to strengthen the competitive position and support the demand recovery in 2026. For Q1 2026 Acerinox plans adjusted EBITDA slightly above Q4 2025 (€101 million) and describes 2026 as a year of gradual recovery. » More on de.investing.com