Brief: Outokumpu Q1 Adj. EBITDA EUR 65 Million, Below Estimate

Outokumpu Oyj

12/05/2026 07:15

May 12 (Reuters) - Outokumpu Oyj OUT1V.HE:

Q1 EBITDA EUR 59 MILLION

Q1 EBIT EUR 3 MILLION

Q1 NET INCOME EUR -6 MILLION

Q1 EPS EUR -0.01

Q1 SALES EUR 1,451 MILLION VS. ESTIMATE EUR 1,456 MILLION

Q1 ADJUSTED EBITDA EUR 65 MILLION VS. ESTIMATE EUR 70 MILLION

ADJUSTED EBITDA IMPROVEMENT IN Q2 OF 2026 IS EXPECTED TO BENEFIT MAINLY FROM INCREASING STAINLESS STEEL DELIVERY VOLUMES, WHICH ARE FORECAST TO RISE BY 0-10% FROM Q1 OF 2026

Q2 OUTLOOK: WITH CURRENT RAW MATERIAL PRICES, RAW MATERIAL-RELATED INVENTORY AND METAL DERIVATIVE GAINS ARE FORECASTED TO BE REALIZED IN Q2

GUIDANCE FOR Q2: ADJUSTED EBITDA IN Q2 OF 2026 IS EXPECTED TO BE HIGHER COMPARED TO Q1 OF 2026

SO FAR, DIRECT EFFECTS OF CONFLICT IN MIDDLE EAST ON CO'S RESULT HAVE BEEN LIMITED AND MAINLY RELATED TO HIGHER FREIGHT COSTS, WHICH ARE EXPECTED TO INCREASE FURTHER IN Q2

IN Q1, STAINLESS STEEL MARKET DYNAMICS IMPROVED, DRIVEN BY SEASONALITY AND CARBON BORDER ADJUSTMENT MECHANISM (CBAM) IMPACTS IN EUROPE

Q1 STAINLESS STEEL DELIVERIES INCREASED BY 27% TO 465 THOUSAND TONNES FROM PREVIOUS QUARTER.

Source text: ID:nWkr9ZWH3X

Further company coverage: OUT1V.HE

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))