Aperam (AMS:APAM) Third Quarter 2022 ResultsKey Financial Results
- Revenue: €1.82b (up 45% from 3Q 2021).
- Net income: €121.0m (down 40% from 3Q 2021).
- Profit margin: 6.7% (down from 16% in 3Q 2021). The decrease in margin was driven by higher expenses.
- EPS: €1.62 (down from €2.52 in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Aperam EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 14%. Earnings per share (EPS) exceeded analyst estimates by 14%.
Looking ahead, revenue is expected to fall by 7.9% p.a. on average during the next 3 years compared to a 3.2% decline forecast for the Metals and Mining industry in Europe.
The company's shares are up 6.4% from a week ago.
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