Finland's Outokumpu Q2 adjusted EBITDA rises sequentially on strong European, U.S. demand

Outokumpu Oyj

30/07/2026 07:29

Overview
Finland stainless steel producer's Q2 adjusted EBITDA rose quarter-on-quarter, driven by Europe and Americas
Stainless steel deliveries grew 5% from Q1, aided by European policy and US demand

Outlook
Outokumpu expects Q3 stainless steel deliveries to decrease by 0–10% due to seasonality
Company forecasts Q3 adjusted EBITDA to be similar to Q2 2026
Outokumpu expects positive net impact from realized prices and raw material costs in Q3

Result Drivers
EUROPEAN POLICY SUPPORT - Stainless steel deliveries rose 5% from Q1, aided by European policy measures such as CBAM and steel safeguard measures
STRONG AMERICAS PERFORMANCE - US demand remained good, supported by improved activity in several industrial segments
FERROCHROME DEMAND - Robust demand for low-emission European ferrochrome and expanded specialty product portfolio supported results

Company press release: ID:nWkrbCjvfd

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
 
EUR 1.58 bln
 
Q2 EPS
 
EUR 0.05
 
Q2 Net Income
 
EUR 25 mln
 
Q2 Adjusted EBITDA
 
EUR 100 mln
 
Q2 EBIT
 
EUR 38 mln
 
Q2 EBITDA
 
EUR 94 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 5 "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 €5.70, about 0.4% above its July 29 closing price of €5.68
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 16 three months ago

Reuters Recommended Reads
July 30 - Luxembourg's Aperam Q2 revenue, operating profit rises on strength across segments
July 29 - SAIL, Krakatau Steel plan $350 million investment in stainless steel plant
July 30 - ArcelorMittal's Q2 revenue rises on higher steel prices

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(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.)