Acerinox SA

ACX

Equity

ISIN ES0132105018 / Valor 1876417

BME Bolsas y Mercados Espanoles - Renta Variable (2024-12-24)

EUR 9.29+0.27%

Acerinox SA
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About company

Acerinox SA is a global leader in the manufacturing and supply of stainless steel and related alloys, known for its commitment to innovation, research, and development. The company operates with a keen focus on the efficiency of its production processes, overseeing the entire product lifecycle to ensure both competitiveness and sustainability. Acerinox's business encompasses a broad spectrum of products, including a variety of stainless steel grades, finishes, and formats, catering to diverse industries worldwide. By integrating environmental considerations into its operational strategy, Acerinox aims to not only meet the current demands for high-quality stainless steel products but also to set industry standards for sustainable manufacturing practices.

Summarized from source with an LLMView SourceSector: Energy

Revenue Growth

Acerinox SA reported a significant increase in revenue for the first quarter of 2023. The company's revenue reached €1.5 billion, marking a 10% growth compared to the same period in the previous year. This growth was primarily driven by higher sales volumes and improved pricing strategies.

Net Income

In the first quarter of 2023, Acerinox SA achieved a net income of €120 million. This represents a substantial improvement from the €90 million reported in the first quarter of 2022. The increase in net income was attributed to higher operational efficiency and cost management initiatives.

Earnings Per Share

Acerinox SA's earnings per share (EPS) for the first quarter of 2023 stood at €0.45, up from €0.35 in the same quarter of the previous year. The rise in EPS reflects the company's strong financial performance and profitability during the period.

Dividend Announcement

For the first quarter of 2023, Acerinox SA declared a dividend of €0.20 per share. This decision underscores the company's commitment to returning value to its shareholders and reflects its confidence in sustained financial health and future growth prospects.

Market Outlook

Acerinox SA provided a positive market outlook for the remainder of 2023, anticipating continued demand growth in key markets. The company expects to maintain its revenue growth trajectory and improve profitability through strategic investments and operational enhancements.

Summarized from source with an LLMView Source

Key figures

-12.5%1Y

-16.9%3Y

-6.56%5Y

Performance

23.2%1Y

28.4%3Y

31.7%5Y

Volatility