Finland's Outokumpu posts Q4 core loss in weak stainless steel market

Outokumpu Oyj

13/02/2025 07:08

Feb 13 (Reuters) - Finnish stainless steel maker
Outokumpu  OUT1V.HE  on Thursday reported a small core loss for
the fourth quarter, in line with its December profit warning,
citing a weak stainless steel market with high import pressure.
    Outokumpu's adjusted loss before interest, taxes,
depreciation and amortisation (EBITDA) was 3 million euros ($3.1
million) in the October-December period, compared with a profit
of 72 million euros a year earlier. 
    Analysts had expected a loss of 1 million euros on average,
a company-provided consensus showed.
($1 = 0.9585 euros)

 (Reporting by Jagoda Darlak in Gdansk; editing by Milla Nissi)
 ((jagoda.darlak@tr.com))