Acerinox stock reports EUR 77 million profit as Citi lifts target

Published on 09/29/2026 at 06:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Acerinox stock generated EUR 271 million in first-half EBITDA, up 27.00 percent year over year. Q2 EBITDA reached EUR 176 million, 85.00 percent above Q1.

Glühende Stahlcoils in einem Edelstahlwerk mit Arbeitern in Schutzausrüstung — Fotorealistische Ansicht eines Edelstahlwerks zeigt Acerinox S.A. (ISIN ES0132105018) mit glühenden Stahlcoils und Arbeitern, Illustration mit AI erstellt.

Acerinox stock (ISIN ES0132105018) was last at EUR 17.42 on BME on September 28, 2026, with no change from the prior close. The share price stood 6.24 percent below its 52-week high of EUR 18.58 as Citi raised its target to EUR 20.00 from EUR 18.00 on September 15, 2026.

Profit returns in H1 2026

Steelradar reported on August 30, 2026, that Acerinox generated EUR 77 million in net profit during the first half of 2026, compared with a EUR 18 million loss in the same period of 2025. The result marks a clear earnings reversal, although the company still operates in a market where demand conditions remain uneven.

First-half EBITDA rose 27.00 percent year over year to EUR 271 million, while turnover declined 3.00 percent to EUR 2.97 billion because of product-mix changes, according to Steelradar. The comparison points to improving profitability without equivalent top-line growth.

Q2 EBITDA reaches EUR 176 million

Acerinox's second-quarter EBITDA reached EUR 176 million, 85.00 percent above the first quarter, while stainless steel division EBITDA increased from EUR 82 million to EUR 154 million, Steelradar reported on August 30, 2026. The restart of the P4 line at Acerinox Europa after a fire supported production capacity and margins.

The company also expects third-quarter EBITDA to be higher than in the second quarter despite seasonal weakness and scheduled maintenance, according to Steelradar. North American operations and improving European stainless steel conditions are central to that outlook.

Citi raises target to EUR 20.00

Bolsamania reported on September 15, 2026, that Citi lifted its Acerinox price target from EUR 18.00 to EUR 20.00 and maintained its buy recommendation. The new target lies 14.81 percent above the September 28, 2026 price of EUR 17.42.

Stock stays below yearly high

Acerinox was last at EUR 17.42 on BME on September 28, 2026 at 5:37 p.m. CEST, with a market capitalization of EUR 4.3 billion and volume of 3,928 shares. Its 52-week range was EUR 10.99 to EUR 18.58, keeping the current price below the yearly high while the first-half earnings comparison supplies the main fundamental counterpoint.