Picture of Outokumpu Oyj logo

OUT1V Outokumpu Oyj News Story

0.000.00%
fi flag iconLast trade - 00:00
Basic MaterialsAdventurousMid CapNeutral

Brief: Outokumpu Expects Q4 Adj EBITDA To Be Lower Than In Q3

Oct 29 (Reuters) - Outokumpu Oyj OUT1V.HE:

Q3 ADJUSTED EBITDA EUR 34 MILLION VERSUS. ESTIMATE EUR 35.7 MILLION

Q3 EBIT EUR -24 MILLION

Q3 EBITDA EUR 29 MILLION

Q3 SALES EUR 1,298 MILLION VERSUS. ESTIMATE EUR 1,334.5 MILLION

Q3 NET INCOME EUR -35 MILLION

Q3 EPS EUR -0.07

Q3 ADJUSTED EBIT EUR -19 MILLION

GUIDANCE FOR Q4 2025: ADJUSTED EBITDA IN Q4 OF 2025 IS EXPECTED TO BE LOWER COMPARED TO Q3

GROUP STAINLESS STEEL DELIVERIES IN Q4 ARE EXPECTED TO DECREASE BY 5-15% COMPARED TO Q3 MAINLY DUE TO CONTINUED MARKET WEAKNESS IN BUSINESS AREA EUROPE AND SEASONAL SLOWDOWN IN BUSINESS AREA AMERICAS

UNDERLYING DEMAND FOR STAINLESS STEEL CONTINUES TO BE SUBDUED DUE TO LOW INVESTMENT AND MANUFACTURING ACTIVITY AS WELL AS WEAK CONSUMER CONFIDENCE

FURTHERMORE, EUROPEAN STAINLESS STEEL MARKET HAS BEEN BURDENED BY HIGH VOLUMES OF LOW-PRICED ASIAN IMPORTS FOR SOME TIME

IN BUSINESS AREA EUROPE, ADJUSTED EBITDA STOOD AT EUR -12 MILLION, AND STAINLESS STEEL DELIVERIES DECREASED BY 12% QUARTER-ON-QUARTER

IN BUSINESS AREA AMERICAS, ADJUSTED EBITDA WAS EUR 30 MILLION, AND STAINLESS STEEL DELIVERIES DECREASED BY 6% COMPARED TO PREVIOUS QUARTER

Source text: ID:nWkr29QfJh

Further company coverage: OUT1V.HE

 (Gdansk Newsroom)

 ((Gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

Recent news on Outokumpu Oyj

See all news