Acerinox Sa (ACRXF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to the Acerinox Second Quarter Results Presentation. This quarter has been a very positive quarter for the group despite the continuing geopolitical uncertainties and regional conflicts. With an 85% quarter on quarter EBITDA increase, the strength of the stainless steel division in The U. S. Has again proved to be the driver of our solid results. It is noteworthy to mention the strong order book in the aerospace and defense sectors as well as the recovery of Acerinox Europa within the European market. The new print measures have started the July 1, and we are optimistic with regard to the future of the European steel industry. For this presentation, we will hear from our CEO, Bernardo Brasquez our Chief Corporate Officer, Miguel Fernandez and our CFO, Esterica Mosso. Before we start with the presentation, let me remind you that this conference call is being broadcast on our website, acerinox.com. And now I hand you over to our CEO. Fernando, please go ahead. Thank you, Carlos. Good morning, everyone, and welcome to this Acerinox Q2 results presentation. You all know that we have a new normal environment that is with our tariffs, sanctions, geopolitical uncertainties, conflicts, and so on. And in this environment, it is easy to focus only in the short term. But we, at Acerinox, we drive with our high beams. We are focusing in the long term and sticking to our strategy, loyal to our strategy. I think this is the the key of the success of these results. In this macro scenario, with a strong position in The United States, improvements in Europe and focusing on efficiencies in our excellent program, developing synergies. We can say that we are proud of this set of results. Our EBITDA, EUR176 million, has been 85% higher than Q1, and in ...