Finland's Outokumpu Q1 adjusted EBITDA rises on higher deliveries

Outokumpu Oyj

12/05/2026 07:12

Overview

Finland stainless steel producer's Q1 adjusted EBITDA rose on higher delivery volumes and improved pricing

Stainless steel deliveries up 27% and ferrochrome deliveries up 17% from prior quarter

Company says market activity improved due to seasonality and CBAM-related effects

Outlook

Outokumpu expects Q2 adjusted EBITDA to be higher than Q1 2026

Company forecasts Q2 stainless steel deliveries to rise 0–10% from Q1 2026

Raw material-related inventory and metal derivative gains expected in Q2 at current prices

Result Drivers

HIGHER STAINLESS STEEL DELIVERIES - Co said adjusted EBITDA rose due to 27% higher stainless steel delivery volumes, driven by seasonality and CBAM-related effects

IMPROVED PRICING IN AMERICAS - Americas business area achieved an excellent result, supported by higher average stainless steel prices

FERROCHROME MARKET SUPPORT - Balanced ferrochrome market supported prices and deliveries rose 17% from prior quarter

Company press release: ID:nWkr9ZWH3X

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
EUR 1.45 bln
Q1 EPS
-EUR 0.01
Q1 Net Income
-EUR 6 mln
Q1 Adjusted EBITDA
EUR 65 mln
Q1 EBIT
EUR 3 mln
Q1 EBITDA
EUR 59 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 6 "hold" and 4 "sell" or "strong sell"

The average consensus recommendation for the iron & steel peer group is "buy."

Wall Street's median 12-month price target for Outokumpu Oyj is €5.50, about 2.5% below its May 11 closing price of €5.64

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 21 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)