Outokumpu falls after it reports Q3 miss, guides for lower earnings in Q4

Outokumpu Oyj

29/10/2025 08:16

** Shares in Outokumpu OUT1V.HE drop around 8% after the Finnish steelmaker posted Q3 earnings below expectations and said they will be lower in Q4

** Q3 adjusted EBITDA fell 60% to EUR 34 million ($39.65 million), below analysts' forecast of EUR 35.7 million

** The group said Q4 adjusted EBITDA is expected to be lower compared to the third, with stainless steel deliveries expected to decrease by 5-15% mainly due to continued market weakness in Europe

** "With Q4 EBITDA guided lower versus Q3, we expect shares to drift lower today," Jefferies says in a note

** If losses hold, the stock will see its worst day since April

($1 = 0.8575 euros)

 (Reporting by Jagoda Darlak)

 ((Jagoda.Darlak@thomsonreuters.com; +48 58 769 65 40;))