Acerinox

OverviewSuggest Edit

Acerinox is a manufacturer of stainless steels and nickel alloys. Its flat stainless steel products include slabs, flats, coils, plates, sheets, circles, and flat bars. The company also offers long stainless steel products, such as bars, angles, wires, and wire rods. Acerinox serves a variety of sectors such as aerospace, chemicals, medical, construction, hydrocarbons, renewable energy, water treatment, and emissions control.

TypePublic
Founded1970
HQMadrid, ES
Websiteacerinox.com

Latest Updates

Employees (est.) (Sept 2020)8,331(+24%)
Revenue (FY, 2021)€6.7 B(+44%)
Share Price (May 2022)€10.4(+2%)
Cybersecurity ratingAMore
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Key People/Management at Acerinox

Bernardo Velázquez Herreros

Bernardo Velázquez Herreros

Chief Executive Officer, Executive Director
Rafael Miranda Robredo

Rafael Miranda Robredo

Chairman
Luis Gimeno Valledor

Luis Gimeno Valledor

Secretary
Rosa María García Piñeiro

Rosa María García Piñeiro

Director
Santos Martínez-Conde Gutiérrez-Barquín

Santos Martínez-Conde Gutiérrez-Barquín

Director
Ignacio Martín san Vicente

Ignacio Martín san Vicente

Director
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Acerinox Office Locations

Acerinox has offices in Madrid, Betanzos, Vitoria, Buenos Aires and in 36 other locations
Madrid, ES (HQ)
Calle de Santiago de Compostela, 100, 4th floor
Vitoria, ES
Pol. Ind. de Jundiz. C/ Lermandabide, 17
Buenos Aires, AR
Av. Vélez Sarsfield 1535
Chatswood, AU
781 Pacific Hwy
Etterbeek, BE
Avenue de Tervueren 100
São Paulo, BR
Alameda Campinas, 728 - 8ºandar - Jardim Paulista
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Acerinox Financials and Metrics

Acerinox Revenue

Acerinox's revenue was reported to be €6.71 b in FY, 2021
EUR

Revenue (FY, 2021)

6.7b

Gross profit (FY, 2021)

2.5b

Net income (FY, 2021)

585.5m

EBITDA (FY, 2021)

997.2m

EBIT (FY, 2021)

809.7m

Market capitalization (13-May-2022)

2.8b

Closing stock price (13-May-2022)

10.4

Cash (31-Dec-2021)

1.3b

EV

3.4b
Acerinox's current market capitalization is €2.8 b.
Annual
EURFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

5.0b4.8b4.7b6.7b

Cost of goods sold

(3.5b)(3.3b)(3.2b)(4.3b)

Gross profit

1.5b1.5b1.5b2.5b

R&D expense

(9.5m)(12.0m)
Quarterly
EURQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

1.2b1.2b1.2b1.2b1.2b1.1b1.4b1.6b1.7b

Cost of goods sold

(1.7b)1.7b(1.6b)1.6b(2.0b)2.0b

Gross profit

1.2b(472.8m)2.9b1.2b(419.3m)2.7b1.4b(384.1m)3.7b
Annual
EURFY, 2018FY, 2019FY, 2020FY, 2021

Cash

850.1m876.9m917.1m1.3b

Accounts Receivable

520.2m479.0m507.0m839.6m

Prepaid Expenses

58.9m69.3m34.3m10.3m

Inventories

1.0b1.0b1.2b1.8b
Quarterly
EURQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Cash

882.0m826.6m933.0m1.1b1.1b1.2b988.0m991.0m1.1b

Accounts Receivable

576.0m669.8m555.0m530.7m557.8m501.3m636.0m769.6m707.0m

Prepaid Expenses

20.3m34.7m7.6m

Inventories

1.1b1.0b1.1b1.0b1.3b1.2b1.3b1.5b1.6b
Annual
EURFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

310.0m23.1m131.6m765.7m

Depreciation and Amortization

166.2m171.4m173.3m

Inventories

(48.1m)21.1m191.4m(560.4m)

Accounts Payable

(77.0m)(16.7m)(2.2m)406.9m
Quarterly
EURQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

90.0m98.5m290.0m85.0m22.4m252.0m161.0m268.6m671.0m

Depreciation and Amortization

88.7m86.1m85.2m

Inventories

(32.0m)(5.2m)(33.0m)9.0m88.3m196.0m(154.0m)(301.7m)(465.0m)

Accounts Payable

36.0m96.6m63.0m(27.0m)(146.9m)(192.0m)171.0m290.3m308.0m
EURFY, 2018

Revenue/Employee

720.6k
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Acerinox Revenue Breakdown

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Acerinox revenue breakdown by business segment: 100.0% from BASIC STEEL PRODUCTS DIVERSE

Acerinox Cybersecurity Score

Cybersecurity ratingPremium dataset

A

100/100

SecurityScorecard logo

Acerinox Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

60-79

out of 100

CSRHub logo

Acerinox Online and Social Media Presence

Embed Graph

Acerinox News and Updates

Stainless Steel Market 2018 Global Analysis By key Players – Acerinox, Aperam, Thyssen Krupp, Pohang Iron & Steel, Jindal Stainless

Wiseguyreports.Com adds “Stainless Steel Market –Market Demand, Growth, Opportunities, Analysis of Top Key Players and Forecast to 2025” To Its Research Database. Posted via Industry Today. Follow us on Twitter @IndustryToday

Stainless Steel Global Market 2018-2023: Acerinox, AK Steel, Aperam, Outokumpu, POSCO, TATA Steel

Wiseguyreports.Com Publish New Market Research Report On -“Stainless Steel Market - Global Industry Analysis, Size, Share, Trends, Growth and Forecast 2018 - 2023” Posted via Industry Today. Follow us on Twitter @IndustryToday

Acerinox Blogs

Rafael Miranda steps down as Chairman of Acerinox with the Company's results at all-time highs

Chairman and Independent Director of Acerinox, Rafael Miranda Robredo, will step down from his role at the end of the Company’s General Shareholder's Meeting, which is expected to take place on second call on 16 June 2022, after having completed his second four-year term of office for which he had b…

Acerinox achieves all-time record first quarter results

The result recognised by the Acerinox Group (founded in 1970) in the first quarter of 2022 was the best in its history. The Group ended the first quarter recognising a profit after tax and non-controlling interests of EUR 266 million, a 34% increase compared to the fourth quarter of 2021. Quarterly …

BBVA formalizes North American Stainless’ first sustainability-linked deposit

BBVA and North American Stainless (NAS), the U.S. subsidiary of the Acerinox Group, signed a $100 million deposit. It is a relevant operation for both companies as it is NAS’ first sustainability-linked deposit, and the first deposit of this kind that BBVA has signed with a U.S. client. The leader o…

Acerinox achieves its best results ever in 2021

•2021 revenue increased by more than 44% to EUR 6,706 million, and EBITDA totalled EUR 989 million (+158%). •The Group multiplied by 11 its net profit to achieve EUR 572 million, the highest since its incorporation in 1970. •Melting shop production amounted to 2.6 million tonnes, exceeding that of 2…

Acerinox approves a share buyback for 4% of the Company

The Board of Directors of Acerinox, S.A. has approved a share buyback plan to redeem up to 4% of the Group’s share capital. The purpose of this plan is to reduce the share capital of Acerinox, S.A. through the redemption of treasury shares in the next General Shareholders’ Meeting, with a maximum in…

Acerinox, on track to achieve its best results ever

In the first three quarters of the year, the Acerinox Group recognised profits (after tax and non-controlling interests) amounting to EUR 373 million. These are the Group’s second best results for the January-September period in its 51-year history. “Cost control management and efficiency improvemen…
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Acerinox Frequently Asked Questions

  • When was Acerinox founded?

    Acerinox was founded in 1970.

  • Who are Acerinox key executives?

    Acerinox's key executives are Bernardo Velázquez Herreros, Rafael Miranda Robredo and Luis Gimeno Valledor.

  • How many employees does Acerinox have?

    Acerinox has 8,331 employees.

  • What is Acerinox revenue?

    Latest Acerinox annual revenue is €6.7 b.

  • What is Acerinox revenue per employee?

    Latest Acerinox revenue per employee is €804.9 k.

  • Who are Acerinox competitors?

    Competitors of Acerinox include Indian Metals & Ferro Alloys, Ferroglobe and Drexel Metals.

  • Where is Acerinox headquarters?

    Acerinox headquarters is located at Calle de Santiago de Compostela, 100, 4th floor, Madrid.

  • Where are Acerinox offices?

    Acerinox has offices in Madrid, Betanzos, Vitoria, Buenos Aires and in 36 other locations.

  • How many offices does Acerinox have?

    Acerinox has 41 offices.