April 27 (Reuters) - Spanish steelmaker Acerinox said on Thursday it returned to profit in the first
quarter thanks to its business in the U.S. where steel demand
has increased.
The company booked a net profit of 136 million euros in the
first quarter, above an average analyst expectation of 83
million euros, according to the Refinitiv mean estimate.
Earnings before interest, taxes, depreciation and
amortization rose to 226 million euros and the company expects
it to be higher in the second quarter.
(Reporting by Matteo Allievi and Natalia Siniawski, editing by
Inti Landauro)
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