Outokumpu falls after Q2 results disappoint, Q3 shipments seen lower

Outokumpu Oyj

30/07/2026 08:09

** Shares in Outokumpu OUT1V.HE drop around 10% after the Finnish steelmaker posted Q2 earnings below expectations 
** Q2 EBITDA reported at €100 million ($114.44 million), around 13% below the consensus of €114 million
** Higher shipments and prices in the European division were offset by a changing product mix, while the Americas segment beat estimates, Jefferies says 
** Q3 shipments should fall mostly due to European seasonality, though Jefferies expects stable quarter-on-quarter earnings as "policy tailwinds offset muted demand"
** Shares are on track for the worst day since December 2024 
     
($1 = 0.8738 euros)

(Reporting by Agnieszka Olenska)
((Agnieszka.Olenska@thomsonreuters.com;))