Acerinox obtained profits totaling €33 M in the Q1 of 2019 after taxes and minority interests, a figure which represents an increase of 103% compared with the Q4 of 2018 and a fall of 44% in relation to the Q1 of 2018.
The EBITDA for the Q1 totaled €90 M, a figure 56% higher than that of the Q4 of 2018 and 24% lower than that of the Q1 of the previous year.
The Group’s turnover (€1,202 M) rose by 6% with respect to the previous quarter and fell by 4% points in comparison with the same period of 2018.
Acerinox achieved these profits in a highly competitive and complex market environment.
Acerinox has launched its Excellence 360° Plan, involving the integration of digital transformation tools with the experience acquired during the development of the Excellence Plans.
With this Plan it aims to enhance its customer service, increasing the accuracy of deliveries, optimizing the mix of raw material purchases and increasing the reliability of the production processes.
The Plan will run for five years and with it, Acerinox expects to achieve recurrent savings totaling €125 M per year.