Finland's Outokumpu Q4 adjusted EBITDA improves on cost control

Outokumpu Oyj

12/02/2026 07:11

Overview

Finland stainless steel maker's Q4 adjusted EBITDA improved, but overall profitability impacted by Europe

Company announced USD 45 mln investment in U.S. pilot plant for low-CO₂ materials

Board proposes EUR 0.13 per share dividend for 2025, reflecting financial performance and market conditions

Outlook

Outokumpu expects Q1 2026 adjusted EBITDA to be higher than Q4 2025

Stainless steel delivery volumes forecast to rise 20-30% in Q1 2026

Company anticipates raw material-related gains in Q1 2026

Result Drivers

DELIVERY DECLINE - Stainless steel deliveries declined 13% due to market weakness and ERP rollout challenges in Europe

COST SAVINGS - Profitability supported by EUR 21 mln in short-term cost-saving measures and lower raw material costs

AMERICAS IMPROVEMENT - Adjusted EBITDA in Americas increased due to higher volumes and lower costs

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
EUR 1.16 bln
Q4 EPS
-EUR 0.14
Q4 Net Income
-EUR 65 mln
Q4 Adjusted EBITDA
EUR 10 mln
Q4 Adjusted EBIT
-EUR 45 mln
Q4 EBIT
-EUR 83 mln
Q4 EBITDA
-EUR 27 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 €4.55, about 14% below its February 11 closing price of €5.29

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 22 three months ago

Press Release: ID:nWkr8CXVGG

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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.)