Aperam/€APAM

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About Aperam

Aperman SA, based in Luxembourg, is a producer of stainless and specialty steel. The company primarily operates in four different segments, with its stainless and electrical steel segment generating the majority of its revenue. Founded in 2010, Aperman has grown to offer a diverse range of products including stainless steel, electrical steel, and special carbon steels used in various industries worldwide.
Ticker
€APAM
Sector
Materials
Primary listing
AEX
Employees
13,300
Headquarters
Luxembourg, Luxembourg

Aperam Metrics

BasicAdvanced
€3.3B
26.30
€1.75
1.82
€1.70
3.69%

What the Analysts think about Aperam

Analyst ratings (Buy, Hold, Sell) for Aperam stock.
Analyst projections of the future price of Aperam stock.

Bulls say / Bears say

Aperam delivered its best quarter in four years, with adjusted EBITDA up 44% sequentially to €130 million. Free cash flow before dividends reached €106 million and net financial debt fell to €993 million, showing that the improvement is converting into cash. (Aperam)
EU trade measures are reducing import competition. The new tariff-rate quota system has cut import activity and could create tighter regional supply as demand returns, supporting Aperam’s European utilisation and pricing. (Aperam, CRU Group)
The Magnetec acquisition expands Aperam’s Alloys & Specialties business into nanocrystalline magnetic components for automotive, energy, safety and industrial customers. It gives the group more downstream, higher-value exposure beyond conventional stainless steel. (Aperam)
Underlying European demand remains weak: Q2 shipments fell to 606,000 tonnes from 617,000 tonnes, partly because of weak demand, and Aperam expects adjusted EBITDA to fall in Q3 with the seasonal slowdown. (Aperam)
The main Stainless & Electrical Steel segment’s adjusted EBITDA was €59 million in Q2, below €65 million a year earlier, even though average selling prices rose. This suggests the price recovery has not yet translated into a full earnings recovery. (SteelOrbis)
Alloys & Specialties remains exposed to weak oil and gas demand: its Q2 adjusted EBITDA improved sequentially but was still lower year on year. That limits the benefit from stronger aerospace and electrical applications. (Aperam)
Data summarised monthly by Lightyear AI. Last updated on 16 Sept 2026.

Aperam Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Aperam Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Funds containing Aperam

AllUSDEURGBP
Funds
Fund name
Fund size
€APAM weighting
iShares MSCI World Small Cap$WSML
$9B0.02%
iShares MSCI World Small Cap€IUSN
€7.8B0.02%
iShares MSCI World Small Cap£WLDS
£6.7B0.02%
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.