Spanish firm Acerinox reported first-quarter results on Friday that exceeded market expectations, driven by an uptick in stainless steel orders across Europe and the United States.

The stainless steel manufacturer posted adjusted EBITDA of 119 million euros (140 million dollars) for the quarter. Analysts polled by LSEG had expected an average of 113.4 million euros.

(1 dollar = 0.8519 euros)

(Reporting by Javi West Larrañaga in Gdansk; editing by Milla Nissi-Prussak; Spanish editing by Benjamín Mejías Valencia)