Key Developments: Aperam SA (APAM.AS)

APAM.AS on Amsterdam Stock Exchange

20 Aug 2014
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€0.26 (+1.11%)
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Latest Key Developments (Source: Significant Developments)

Aperam gives Q3 FY 2014 outlook in line with analysts' estimates
Thursday, 31 Jul 2014 11:45am EDT 

Aperam SA:Sees Q3 FY 2014 EBITDA to be lower compared to EBITDA in Q2 FY 2014.Q2 FY 2014 EBITDA $164 mln.Q3 FY 2014 EBITDA $95 mln - Thomson Reuters I/B/E/S.  Full Article

Aperam SA launches up to $300 million net share settled convertible and / or exchangeable bond offering
Friday, 27 Jun 2014 02:01am EDT 

Aperam SA:Launches an offering (the "Offering") of net share settled convertible and/or exchangeable bonds due 2021 (the “Bonds”) with an initial size of $250 million.Says which may be increased up to a maximum of $300 million prior to pricing upon the exercise by the company of an up to $50 million extension clause.Says the net proceeds of the Offering will be used for general corporate purposes and the refinancing of existing indebtedness (including senior notes maturing in 2016).Says the Bonds are expected to have an annual coupon of between 0.25 per cent and 1 per cent payable semi-annually in arrear and an initial conversion premium of between 30 per cent and 35 per cent over the volume-weighted average price of the company’s shares on Euronext Amsterdam.Says the Bonds will be issued and redeemed at 100 per cent of their principal amount and will mature on July 8, 2021 (7 years), unless previously redeemed, converted, exchanged or purchased and canceled.  Full Article

Moody's raises outlook on Aperam to positive from negative; rating maintained at 'B1'-DJ
Thursday, 15 May 2014 11:08am EDT 

Aperam SA:Moody's raises outlook on Aperam to positive from negative-DJ.Corporate Family Rating (CFR) maintained at 'B1.Moody's attributes change in outlook to improvement in European demand for stainless steel.  Full Article

Aperam gives Q2 FY 2014 outlook above analysts' estimates
Wednesday, 7 May 2014 11:45am EDT 

Aperam SA:Expects EBITDA in Q2 FY 2014 to increase compared to EBITDA in Q1 FY 2014.Q1 FY 2014 EBITDA $129 mln.Q2 FY 2014 EBITDA $121 mln - Thomson Reuters I/B/E/S Estimates.  Full Article

Aperam proposes no FY 2013 dividend
Tuesday, 8 Apr 2014 01:00am EDT 

Aperam SA:Proposes AGM of May 8 to continue paying no dividend in 2014 in order to support previously announced net debt reduction programme.  Full Article

Standard & Poor's revises outlook on Aperam to positive and maintains 'B+' rating
Monday, 7 Apr 2014 08:00pm EDT 

Standard & Poor's:Revises outlook on Aperam to positive from negative.Affirms 'B+' corporate credit rating and 'B+' issue rating on its debt instruments.Says Aperam's 2013 results exceeded expectations.  Full Article

Aperam SA gives Q1 FY 2014 outlook
Thursday, 6 Feb 2014 11:45am EST 

Aperam SA:Sees its EBITDA in Q1 2014 to increase compared to EBITDA in Q4 2013 of $84 million.  Full Article

Aperam SA Announces Appointment Of New CFO
Wednesday, 6 Nov 2013 11:46am EST 

Aperam SA announced the appointment of Sandeep Jalan as the Company's new Chief Financial Officer, following the resignation of Julien Onillon. Sandeep Jalan, will become a member of Aperam's Management Committee and CFO of Aperam effective January 15, 2014. Julien Onillon is leaving Aperam to realize a personal project.  Full Article

Aperam SA Issues Q4 FY 2013 EBITDA Guidance Below Analysts' Estimates
Wednesday, 6 Nov 2013 11:45am EST 

Aperam SA announced that its EBITDA in the fourth quarter of fiscal year 2013 is expected to be lower compared to its EBITDA in the third quarter of fiscal year 2013. The Company reported for the third quarter of fiscal year 2013 an EBITDA of USD 62 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report for the fourth quarter of fiscal year 2013 an EBITDA of USD 62 million.  Full Article

Aperam SA to Close Factory in Unieux, France-Les Echos
Sunday, 3 Nov 2013 07:00pm EST 

Les Echos reported that Aperam SA is to close its cold-rolling factory in Unieux, France. Attempts are being made to redeploy some of the remaining 71 staff within Aperam SA or ArcelorMittal SA. Employees have until the end of December 2013 to opt for voluntary redundancy.  Full Article

Stainless steel firm Aperam sees further boost after early year pick-up

BRUSSELS, May 7 - Luxembourg-based stainless steel firm Aperam forecast a further improvement in core profit after surpassing expectations in the first three months of 2014.

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