Finland's Outokumpu expects lower Q4 core profit on weak stainless steel market

Outokumpu Oyj

12/12/2024 19:58

Dec 12 (Reuters) - Finnish stainless steel maker Outokumpu  OUT1V.HE  said on Thursday
it expects its fourth-quarter core profit to be lower than in the previous quarter, citing a
weak stainless steel market and a longer-than-expected maintenance break at its Tornio site in
Finland.
    Outokumpu said that its group adjusted earnings before interest, taxes, depreciation and
amortisation is expected to be close to break even or turn negative in the fourth quarter.
    

 (Reporting by Shivani Tanna in Bengaluru; Editing by Alan Barona)
 ((ShivaniJayesh.Tanna@thomsonreuters.com))