Outokumpu slides after 'soft' guidance

Outokumpu Oyj

08/05/2025 09:10

** Shares in Outokumpu OUT1V.HE fall around 6% after the Finnish stainless steel maker posted Q1 earnings in line with expectations but forecast what analysts described as "soft" view for Q2

** It reported adjusted EBITDA at 49 million euros ($55.4 million) in Q1 vs an estimate of 48.9 million euros and forecast Q2 adjusted EBITDA "at a similar or higher level" than in Q1

** J.P.Morgan analysts note, however, that the EBITDA guidance suggests downside risk versus consensus of 94 million euros and JPM's own estimate of 75 million euros

** "We believe soft Q2 guidance and weak cash flow are likely to drive downward revisions to Q2 and 2025 consensus estimates," the analysts say

** Shares in Outokumpu are among the worst performers on the pan-European STOXX 600 index .STOXX, which rises 0.3%

($1 = 0.8845 euros)

 (Reporting by Tomasz Kanik)

 ((tomasz.kanik@thomsonreuters.com))