Acerinox stock posts 199 million euro Q3 EBITDA as US demand supports results
Published on 10/31/2026 at 10:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey developments for Acerinox
- Acerinox reported a sharp recovery in nine-month net profit as EBITDA rose strongly from the prior-year period.
- North American Stainless remained the main earnings driver, while European demand stayed weak.
- Arconas International disclosed a 3 percent holding, adding a new significant shareholder to the register.
- Management expects fourth-quarter EBITDA to fall below the third-quarter level because of seasonal US effects.
Acerinox reported a stronger third quarter on Friday, October 30, 2026, with EBITDA of 199 million euros, up 13 percent from the previous quarter. The company said the performance was supported mainly by its US business, while European demand remained subdued. The Acerinox results release was published on the same day.
Profit recovery meets seasonal caution
For the first nine months, Acerinox recorded net profit of 162 million euros, compared with 7 million euros in the same period of 2025. Cumulative EBITDA reached 470 million euros, an increase of 46 percent year over year. The company said its North American Stainless subsidiary remained the cornerstone of group profitability.
The outlook is more cautious for the final quarter. Acerinox expects lower activity in its stainless steel division because of typical year-end seasonality in the United States and therefore expects fourth-quarter EBITDA to be below the third-quarter level. Management also expects working capital to decline by year-end, which should reduce net financial debt after the quarterly increase.
New shareholder adds a second catalyst
Arconas International disclosed a 3 percent stake in Acerinox on October 23, according to a report by Forbes Spain. The holding represents 7,480,125 shares and was reached on October 19 through a regulated-market transaction. The disclosure gives Acerinox a new significant shareholder but does not establish the investor's purchase price.
Acerinox stock traded at 16.09 euros on Lang & Schwarz at 10:06 CET on Saturday, October 31, 2026. Investors will next weigh the seasonal fourth-quarter guidance against the stronger US contribution and the company's progress on working capital.
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Acerinox company facts
- Company: Acerinox S.A.
- ISIN: ES0132105018
- Real-time quote: 16.09 euros on Lang & Schwarz, October 31, 2026 at 10:06 CET
- Nine-month 2026 net profit: 162 million euros
- Nine-month 2026 EBITDA: 470 million euros, up 46 percent year over year
- Third-quarter EBITDA: 199 million euros
