Aperam confirms lower Q3 adjusted EBITDA than Q2 as energy costs weigh

Aperam expects third-quarter adjusted EBITDA to be below the second quarter's EUR 130 million but slightly above the first quarter's EUR 90 million. Higher energy costs remain a headwind.

Aperam said on October 6, 2026, that adjusted EBITDA for the third quarter is expected to be lower than the EUR 130 million reported for the second quarter, but slightly above the EUR 90 million reported for the first quarter.

Europe remains weak

The company said underlying demand in Europe remained at a low level in the third quarter, with current order books showing no noticeable improvement. Seasonally stronger activity in Brazil is partly offsetting weaker European demand across Stainless, Recycling and Services & Solutions, while Alloys & Specialties is operating at full readiness after annual summer maintenance. Les Echos carried the issuer's update.

Energy costs and reporting date

Aperam said elevated energy costs are expected to weigh on EBITDA by approximately EUR 20 million per quarter. The company also said its adjusted EBITDA, cash flow and net debt guidance assumes stable commodity prices and does not include potential effects from ongoing energy-price fluctuations. Aperam plans to publish its third-quarter and nine-month 2026 results before the market opens on November 6, 2026, according to the company's release.