ACX
13/05/2024
Acerinox is the global leader in stainless steel and high performance alloys, creating the most efficient solutions for a sustainable future, maximising benefits for society and building value for our stakeholders.
Acerinox has the firm commitment to contributing to the achievement of the Sustainable Development Goals (SDGs) approved by the United Nations, particularly via manufacturing entirely and endlessly recyclable products, also promoting innovation, education, protection of biodiversity, development of professional relationships, the fostering of equality policies, paying special attention to disadvantaged social groups, and protecting and enforcing respect for human rights.
| Currency | EUR |
| Previous Close | 10.38 |
| Change (%) | 0.00 |
| Volume | 434,037 |
| Number of Shares (mln) | 249.34 |
| Market Cap (mln) | 2,588.10 |
| Key figures | 2021 | 2022 | 2023 |
Melting shop production (thousand mt) |
2,619 | 2,190 | 1,946 |
Net sales (million €) |
6,706 | 8,688 | 6,608 |
| Gross operating result / EBITDA (million €) | 989 | 1,276 | 703 |
% over sales |
14.7 | 14.7 | 10.6 |
EBIT (million €) |
810 | 876⁽²⁾ | 374⁽¹⁾ |
| % over sales | 12.1 | 10.1 | 5.7 |
| Result before taxes and minorities (million €) | 766 | 831 | 355 |
| Result after taxes and minorities (million €) | 572 | 556 | 228 |
| Depreciation (million €) | 179 | 193 | 171 |
| Investments (million €) | 101 | 154 | 175 |
| Total assets (million €) | 5,984 | 6,318 | 6,099 |
| Equity (million €) | 2,215 | 2,548 | 2,463 |
| Net financial debt (million €) | 578 | 440 | 341 |
| Net financial debt / Equity (%) | 26.1 | 17.3 | 13.9 |
| Number of employees | 8,128 | 8,201 | 8,239 |
| Number of shares (million) | 270.55 | 259.72 | 249.34 |
| Return to shareholders (per share, €) | 0.50 | 1.28⁽³⁾ | 0.60 |
| Return to shareholders (million €) | 135 | 336⁽⁴⁾ | 150 |
| Daily average shares traded (nº of shares, million) | 1.25 | 1.31 | 0.90 |
| Share price at the end of the period (€) | 11.38 | 9.24 | 10.66 |
| Market capitalization (million €) | 3,080 | 2,400 | 2,657 |
| Book value per share - December, 31st (€) | 8.20 | 9.81 | 9.88 |
(1) Includes an impairment of Bahru Stainless’s assets amounting to 156 million euros in Q4 2023.
(2) Includes an impairment of Bahru Stainless’s assets amounting to 204 million euros in Q4 2022.
(3) Includes the ordinary dividend of 0.50 euros/share and the indirect remuneration derived from the share buyback programme of 0.78 euros/share.
(4) Includes the ordinary dividend of 130 million € and the indirect remuneration derived from the share buyback programme (206 million €).
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* 2023 Adjusted ROCE (excluding Bahru Stainless impairment) was 17.9%
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