adminAcerinox, S.A. (OTCPK:ANIOY) Q1 2025 Results Conference Call May 8, 2025 5:00 AM ET
Company Participants
Carlos Lora-Tamayo – Head, Investor and Media Relations
Miguel Ferrandis – CCO
Bernardo Velazquez – CEO
Esther Camos – CFO
Conference Call Participants
Adahna Ekoku – Morgan Stanley
Tristan Gresser – BNP Paribas
Tom Zhang – Barclays
Dominic O’Kane – JPMorgan
Bastian Synagowitz – Deutsche Bank
Tommaso Castello – Jefferies
Robert Jackson – Santander
Maxime Kogge – ODDO BHF
Carlos Lora-Tamayo
Good morning, everyone, and welcome to the Acerinox First Quarter ’25 Conference Call. Today, the presentation will be hosted by our CEO, Bernardo Velazquez; our Chief Corporate Officer, Miguel Ferrandis; and our CFO, Esther Camos. After our prepared remarks, we will open the line for questions.
Before getting started, let me remind you that this conference call is being broadcast on our website at acerinox.com.
Now I would like to give the floor to our CEO, Bernardo. Please go ahead.
Bernardo Velazquez Herreros
Good morning, everyone, and thank you for attending this presentation. Before I came here, I was reading the reactions in the newspapers saying something like the Acerinox results are shrinking because of tariffs. This is not reflecting the reality. Esther and Miguel will explain later our financial data and why the profits are below Q1 ’24, but this is not the situation. Remember, there was a correction in the market in Q4. And as expected, we started this quarter recovering gradually, recovering step by step.
March was a good month in order book. Our order book is in a healthy situation. And in the 2nd of April with the announcement of the Liberation Day with the tariffs that created a lot of confusion, it doesn’t mean that the market shrunk again or that the market went down again. The market remained stable at the
Read the full article here
