Brief: Outokumpu Expects Q4 Adjusted EBITDA To Be Lower Than Q3

Outokumpu Oyj

30/10/2024 07:15

Oct 30 (Reuters) - Outokumpu Oyj  OUT1V.HE :
    * Q3 STAINLESS STEEL DELIVERIES 459,000 TONNES VERSUS
467,900 SEEN
IN VARA CONSENSUS
    * SOME RAW MATERIAL-RELATED INVENTORY AND METAL DERIVATIVE
LOSSES
ARE FORECASTED TO BE REALIZED IN Q4.
    * IMPACT OF POLITICAL STRIKE IN FINLAND IN FIRST HALF OF
2024 WAS
APPROXIMATELY EUR -60 MILLION.
    * IN BUSINESS AREA AMERICAS, Q3 ADJUSTED EBITDA AMOUNTED TO
EUR 5
MILLION, AND STAINLESS STEEL DELIVERIES DECREASED BY 8%
    * GROUP STAINLESS STEEL DELIVERIES IN Q4 ARE EXPECTED TO
DECREASE
BY 0-10% COMPARED TO Q3
    * DELIVERIES IN Q4  TO DECREASE, DRIVEN BY DETERIORATING
MARKETS
FOR BOTH BUSINESS AREAS EUROPE AND AMERICAS.
    * PLANNED MAINTENANCE BREAK IN TORNIO, FINLAND IS EXPECTED
TO HAVE
APPROXIMATELY EUR -10 MILLION IMPACT ON ADJUSTED EBITDA
    * ENERGY COSTS FOR BUSINESS AREA EUROPE ARE EXPECTED TO
INCREASE
BY APPROXIMATELY EUR 5 MILLION IN Q4
    * ADJUSTED EBITDA IN Q4 OF 2024 IS EXPECTED TO BE LOWER
COMPARED
TO Q3.
    * IMPORTS INTO BOTH EUROPE AND NORTH AMERICA HAVE CONTINUED
TO
INCREASE, AND PUT PRESSURE ON STAINLESS STEEL PRICES.
    * OUR LONG-TERM VIEW REGARDING U.S. MARKET REMAINS HIGHLY
POSITIVE.

Source text:  ID:nPn1qJfXBa 
Further company coverage:  OUT1V.HE 

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