Acerinox Sa (ACRXF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to the Acerinox First Quarter twenty twenty six Results Presentation. As you will know, the global landscape is defined by numerous uncertainties, including regional conflicts and ongoing tariff wars. The results obtained in Q1 twenty twenty six confirm that the situation is improving despite the continued uncertainty. For this presentation, we have here with us our Chief Corporate Officer, Miguel Fernandez our Chief Financial Officer, Esther Camos and the IR Communication, Consolidation and Reporting Director, Carlos Loratamayo, who will explain our Q1 results. Before we start with our presentation, let me remind you that this conference call is being broadcast on our website at acerinox.com. And now, I will hand you over to our Chief Corporate Officer, Miguel. Go ahead please. Thank you, Jorge. Thank you all of you for attending this presentation. Just ten weeks ago, we were presenting the year 2025 figures. We define year 2025 as the year of uncertainty and we were hoping that the year 2026 should provide us a much more comfortable scenario. But having said that, the day after our results presentation started the conflict at Iran. So since that time, we are keeping the uncertainty. In addition, we have energy crisis and a substantial higher volatility than the one we were experiencing at that time. So now the whole world is intention. But having said that, we have been honoring our commitment, honoring our world, and we are bringing today an improvement in our quarter figures. Improvement in sales of around 6%. What's relevant is improvement in the melting production that has been growing 22% quarter on quarter. And as a consequence of all of this, also, our improvement in the adjusted EBITDA growing to 119,000,000 which is an 1...