Acerinox secures Golden Level for sustainability

Acerinox launches a line of sustainable products. The Group has been awarded with the Golden Level by Ecovadis for its commitment to sustainability.

The Acerinox Group has achieved the best half-yearly results in 14 years, with EBITDA of EUR 378 M and profit after tax and non-controlling interests of EUR 203M (EUR 78M in the first quarter and EUR 125M in the second), compared with just EUR 2M in the January-June 2020 period.

Revenue totaled EUR 3,066M in the half-year, representing a 32% increase in H1 of 2020, thanks to a sound performance in terms of both volume and price.

The Group’s total production, which improved in both the stainless steels division (+28%) and the high-performance alloys division (+6%), increased by 29% compared with the same period in 2020 to 1,343,946 tonnes.

Net financial debt, amounting to EUR 838M, increased by EUR 66M with respect to 31 December 2020, following the increase in working capital (EUR 253M) and the payment of a dividend (EUR 135M).