Aperam rises on Q3 core profit beat and 'encouraging' guidance
** Shares in Aperam APAM.AS are up around 6%, topping France's mid-cap SBF 120 index .SBF120, after the French steel producer reported Q3 EBITDA 6.5% higher than market expectations
** Q3 EBITDA came in at 99 million euros ($106.66 million)against an estimate of 93 million euros
** The company expects Q4 2024 EBITDA at a higher level compared with Q3 2024 and expects net financial debt to decrease till end-2024
** "Solid Q3 and encouraging Q4 guidance, Europe subdued offset by Brazil," says ODDO BHF in a note
** "In a low-seasonality quarter, free cash flow was decent but net debt still increased to 641 million euros due to the quarterly dividend," ODDO BHF adds
** If gains hold, the shares will see their best day in two years
($1 = 0.9282 euros)
Reporting by Anna Peverieri
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