Acerinox, S.A. reported consolidated earnings results for the nine months ended September 30, 2017. For the nine months, the company reported net sales of EUR 3,511.03 million compared to EUR 2,914.64 million a year ago. EBIT was EUR 239.72 million compared to EUR 96.64 million a year ago. Result before taxes and minorities was EUR 225.70 million compared to EUR 72.58 million a year ago. Net financial debt was EUR 696.65 million compared to EUR 678.07 million a year ago. Return to shareholders was EUR 0.45 per share against EUR 0.440 per share a year ago. Result after taxes and minorities was EUR 157.39 million or EUR 0.57 per share compared to EUR 44.50 million or EUR 0.16 per share a year ago. EBITDA was EUR 369.93 million compared to EUR 223.03 million a year ago. Net cash flow from operating activities was EUR 228.4 million compared to EUR 153.7 million a year ago. Payments for investments on fixed assets were EUR 140.7 million compared to EUR 96.6 million a year ago.

For the quarter, the company reported net sales of EUR 1,067.21 million. EBIT was EUR 12.71 million. Result before taxes and minorities was EUR 8.92 million. Net financial debt was EUR 696.65 million. Return to shareholders was EUR 0.45 per share. Result after taxes and minorities was EUR 6.64 million or EUR 0.02 per share. EBITDA was EUR 53.09 million.

The 2017 financial year will end with results which reflect the recovery of the market and improved margins, as a result of the savings achieved by the Excellence Plans. The income generated will enable to maintain strategic investment plan and continue with shareholder remuneration.

For the nine months, the company production of melting shop was 1,887,400 Mt against 1,864,400 Mt a year ago. Production of hot rolling shop was 1,670,300 Mt against 1,661,800 Mt a year ago. Production of cold rolling shop was 1,301,400 Mt against 1,275,100 Mt a year ago. Production of long product (hot rolling) was 170,100 Mt against 171,600 Mt a year ago.

For the quarter, the company production of melting shop was 614,600 Mt. Production of hot rolling shop was 542,400 Mt. Production of cold rolling shop was 426,800 Mt. Production of long product (hot rolling) was 54,300 Mt.