Ternium sees earnings grow 53% in Q1 on higher prices, volumes

Earnings at Latin American steel group Ternium grew by 53% year-on-year in the first quarter of 2017, on higher steel prices and increased volumes.

The company’s earnings before interest, taxes, depreciation and amortisation (Ebitda) came to $464.80 million during the quarter, up from $303 million in the corresponding period of 2016, it said on Tuesday April 25. The improvement was a result of “higher realised steel prices in all of Ternium’s markets”, as well as slightly increased shipments, according to...

Published

Felipe Peroni

April 26, 2017

00:09 GMT

São Paulo