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MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  Aperam    APAM   LU0569974404

APERAM (APAM)
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Aperam : Investors Site Visit Genk, Belgium

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06/07/2017 | 01:01pm CEST

Aperam announces Phase 3 of its Leadership Journey® with USD 150 million additional annualized gains targeted by 2020 and entering into a 5 years unsecured revolving credit facility of EUR 300 million, replacing its 3 years  secured borrowing base facility of USD 400 million


Luxembourg, 7 June 2017 (13:00 CET) -  Aperam is today hosting a site visit for investors in Genk, Belgium and announces Phase 3 of the Leadership Journey® - the Transformation Program - to achieve the next structural profitability improvement. This new phase of the Leadership Journey® aims USD 150 million of additional annualized EBITDA gains over the period 2018 to 2020. Under this phase, the Company wants to further transform the business and address next generation needs of Aperam's customers through new technologies, automation, digitalization and a fully connected organisation.

As part of  Aperam's  ongoing measures on balance sheet strengthening and financing, the Company also announces that it has entered an unsecured revolving credit facility (5 year) of EUR 300 million, replacing its existing secured borrowing base facility (3 year) of USD 400 million.


Timoteo Di Maulo, CEO of Aperam, commented: "I am very proud how Aperam has developed as a solid and sustainable company thanks to a consistent execution of our self help strategy and financial discipline. Today, the announcement of our Transformation Program is a new phase of our strategic initiatives to improve structurally Aperam's profitability and prospects."


Further information and presentations of the event are available on Aperam's website www.aperam.com, section Investors & shareholders, Investor presentations.




About Aperam


Aperam is a global player in stainless, electrical and specialty steel, with customers in over 40 countries. The business is organized in three primary operating segments: Stainless & Electrical Steel, Services & Solutions and Alloys & Specialties.


Aperam has 2.5 million tonnes of flat Stainless and Electrical steel capacity in Brazil and Europe and is a leader in high value specialty products. Aperam has a highly integrated distribution, processing and services network and a unique capability to produce stainless and specialty from low cost biomass (charcoal). Its industrial network is concentrated in six production facilities located in Brazil, Belgium and France.


In 2016, Aperam had sales of USD 4.3 billion and shipments of 1.92 million tonnes.
For further information, please refer to our website at www.aperam.com


Contact


Corporate Communications / Laurent Beauloye: +352 27 36 27 103
Investor Relations / Romain Grandsart: +352 27 36 27 36




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Aperam via Globenewswire

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Financials ($)
Sales 2018 5 628 M
EBIT 2018 469 M
Net income 2018 328 M
Finance 2018 110 M
Yield 2018 4,10%
P/E ratio 2018 11,20
P/E ratio 2019 10,79
EV / Sales 2018 0,68x
EV / Sales 2019 0,61x
Capitalization 3 952 M
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Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 57,1 $
Spread / Average Target 24%
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Managers
NameTitle
Timoteo Di Maulo Chief Executive Officer
Lakshmi Niwas Mittal Chairman
Sandeep Jalan Chief Financial Officer
Kathryn Ann Matthews Independent Director
Aditya Mittal Non-Independent Director
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