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Acerinox SA (ACX.MC)

ACX.MC on Madrid SE C.A.T.S.

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Latest Key Developments (Source: Significant Developments)

Spain's Acerinox sees room for a rise in Europe base steel prices in Q2
Wednesday, 1 Mar 2017 01:40am EST 

Spain's Acerinox :Says there is room for base steel prices to rise in Europe in the second quarter.  Full Article

Acerinox FY net profit up 87 pct YoY
Wednesday, 1 Mar 2017 01:40am EST 

Acerinox SA : Reported on Tuesday FY net sales 3.97 billion euros versus 4.22 billion euros year ago, down 6 percent year on year due to the lower prices of stainless steel . FY EBITDA 329.1 million euros versus 286.2 million euros year ago, up 15.0 percent year on year . FY net profit 80.3 million euros versus 42.9 million euros year ago, up 87.3 percent year on year . The quarterly evolution was very favourable once raw material prices stabilised, as a result of the gradual improvement of the market conditions in the United States and Europe, where apparent consumption rose by 7 percent in both cases . Net financial debt is 620 million euros at end-Dec., 13 percent lower than that of the previous year . The order book remains within the objectives established by the company .Expects to obtain results in the first quarter that will significantly improve those of the fourth quarter 2016, partly driven by the appreciation of raw materials.  Full Article

Acerinox approves 2017-2018 plan with recurring savings target of 50 mln euros
Thursday, 22 Dec 2016 03:05am EST 

Acerinox SA : To propose to shareholders a single dividend payment; the dividend to be paid in July 2017 .Approves the Plan of Excellence 2017-2018, expecting recurring savings target of 50 million euros ($52.16 million).  Full Article

Acerinox reports H1 results above analysts' expectations
Wednesday, 27 Jul 2016 12:29pm EDT 

Acerinox SA : H1 revenue at 1.91 billion euros ($2.10 billion) versus 1.97 billion euros in Reuters poll . H1 EBITDA at 120 million euros versus 107 million euros in Reuters poll . H1 net profit 8.7 million euros versus 0.4 million euros in Reuters poll .Says order portfolio at end-June has increased by 30 percent versus year ago.  Full Article

Acerinox to pay scrip dividend of 0.44 euro gross/right
Friday, 17 Jun 2016 06:59am EDT 

Acerinox SA :Sets scrip dividend value at 0.44 euro ($0.50) gross per right.  Full Article

Acerinox refinances 717 million euros of debt
Wednesday, 11 May 2016 10:00am EDT 

Acerinox SA : Reaches bilateral agreements with 12 banks to refinance its debt .To refinance 717 million euros ($819 million) of debt, extending payment dates till 2021, reducing interest rates, changing maturities for the upcoming three years.  Full Article

Acerinox to propose dividend of 0.45 euro per share
Thursday, 23 Apr 2015 11:43am EDT 

Acerinox SA:To propose a dividend of 0.45 euro per share via scrip dividend formula.  Full Article

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