DJ Aperam Update on Q2 2026 market & financial trends
Aperam S.A. / Key word(s): Miscellaneous
Aperam Update on Q2 2026 market & financial trends
01-Jul-2026 / 18:29 CET/CEST
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Aperam Update on Q2 2026 market & financial trends
Luxembourg, 1 July 2026 (18:30 CEST) - Aperam issues the following update before entering its quiet period ahead of the
upcoming Q2 2026 quarterly results announcement on 30 July 2026 to remind market participants of the standing guidance,
earnings drivers and events that should be considered.
Q2 2026 outlook
Aperam confirms the Q2 2026 outlook, as specified in the Q1 2026 presentation, the management podcast and the
conference call on 30 April 2026:
-- Adjusted EBITDA in Q2 2026 is expected significantly higher than in Q1 (EUR 90m).
-- Q2 marks the period where Brazil returns with its full seasonal strength.
-- Trade defense is already having an impact in Q2: Europe has experienced relief from lower import volumes,
directly correlating to higher capacity utilization in the European mills.
-- Valuation gains are expected as guided due to timing from prior period.
-- Net financial Debt expected to be slightly lower than Q1 - deleveraging on track thanks to continued
capital efficiency over the last 6 quarters.
The Aperam-compiled consensus for Q2 2026 adjusted EBITDA stands at EUR 121m (average).
Consensus is updated and published at: https://www.aperam.com/investors/news-contacts/results
Current trading
-- European climate: Aperam guidance on low European demand unchanged since 3 quarters, underlying
competitiveness of the company basis for our confidence in Q2 guidance. While the European business climate remains
challenging, the recent increase in capacity utilization is driven solely by lower import volumes thanks to
structural trade defense strengthening in Europe.
-- Regional trends: Europe is running into its summer vacation season while Brazil continues into another
seasonally strong quarter.
-- Alloys & Specialities continues its upward trajectory, supported by a healthy order book in LNG,
electrical & electronics and steady aerospace demand.
-- Regulatory Frameworks: CBAM commenced at the beginning of 2026, with its positive effects expected to
ramp up over the next few years. Trade defense measures in Europe officially took effect on 1 July 2026, with
positive effects already visible in the first half of the year as previously communicated. Aperam expects these
positive impacts to continue throughout the remainder of 2026.
Other points
-- Leadership Journey Phase 6 was launched at the beginning of 2026, focusing on value growth by leveraging
our integrated value chain and innovation with expected gains of EUR 150m from 2026 to 2028. Q1 2026 has already
delivered a contribution of EUR 18m, with further gains expected to materialize in Q2 2026.
Please note that forward guidance for adjusted EBITDA, cash flow and net debt is always provided on stable commodity
price assumptions. Accordingly, these projections do not account for potential impacts from ongoing fluctuations in
energy prices.
Commodity prices & FX
monthly average MAR 26 APR 26 MAY 26 JUN 26
Nickel LME USD/t 16,916 19,284 18,867 16,088
Ferrochrome USD/t 2,479 2,456 2,439 2,372
EU Stainless Scrap USD/t 1,448 1,624 1,605 1,558
EU Stainless CR 2mm 304 USD/t 2,856 3,037 3,064 2,956
USD/EUR x 1.16 1.17 1.17 1.14
USD/BRL x 5.18 4.96 5.04 5.16
Source: Bloomberg, LME, CRU
The Q2 2026 financial performance will be published before the market opens on Thursday, 30 July 2026.
Aperam management will host a conference call for members of the investment community to discuss the
Q2 2026 financial performance on 30 July 2026 at 14:00 CEST.
Financial Calendar
Earnings
Thursday, 30 July 2026 Q2/H1 2026 results
Friday, 6 November 2026 Q3/9M 2026 results
Capital Markets Day
Wednesday, 18 November 2026 Paris
Forward Looking Statements
This document may contain forward-looking information and statements about Aperam SA and its subsidiaries. These statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Forward-looking statements may be identified by the words "believe", "expect", "anticipate", "target" or similar expressions. Although Aperam's management believes that the expectations reflected in such forward-looking statements are reasonable, investors and holders of Aperam's securities are cautioned that forward-looking information and statements are subject to numerous risks and uncertainties, many of which are difficult to predict and generally beyond the control of Aperam, that could cause actual results and developments to differ materially and adversely from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include those discussed or identified in Aperam's filings with the Luxembourg Stock Market Authority for the Financial Markets (Commission de Surveillance du Secteur Financier). The information is valid only at the time of release and Aperam does not assume any obligation to update or revise its forward-looking statements on the basis of new information, future events, subject to applicable regulation.
Contact
Investor Relations / Roberta de Aguiar Faria: IR@aperam.com Communication / Ana Escobedo Conover: communications@aperam.com
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2358254 01-Jul-2026 CET/CEST
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(END) Dow Jones Newswires
July 01, 2026 12:29 ET (16:29 GMT)
