Outokumpu slides after lower-than-expected Q3 guidance

Outokumpu Oyj

31/07/2025 08:57

** Shares in Outokumpu OUT1V.HE fall around 5% after the Finnish stainless steel maker posted Q2 earnings slightly above expectations but forecast what lower-than-expected numbers for Q3

** It reports adjusted EBITDA at 75 million euros ($85.86 million) in Q2 vs an analysts estimate of 69 million euros

** But the market is not valuing this as an estimate beat, Inderes analysts Petri Gostowski says, noting the beat was mainly driven by a smaller than expected loss in the Other Operations segment

** Outokumpu forecasts a 5-15% decrease in stainless steel deliveries and weaker adjusted EBITDA for Q3, which is "clearly below expectations", Gostowski says

** The company says it still sees pressure on prices, with no demand in recovery in the U.S.

** Shares in Outokumpu are on track for its worst day since April

($1 = 0.8735 euros)

 (Reporting by Agnieszka Gosciak-Rabalska)

 ((Agnieszka.gosciak@thomsonreuters.com))