Upbeat outlook lifts Outokumpu shares despite Q4 earnings miss

Outokumpu Oyj

13/02/2025 08:59

** Shares in Outokumpu  OUT1V.HE  are up 3.6% after the
Finnish stainless steel maker said it expects higher adjusted
EBITDA margin in Q1 than in Q4 2024  
   ** Oddo analyst Maxime Kogge says the outlook is "relatively
sturdy" despite the January strike, that is supposed to impact
EBITDA negatively by EUR 15 million in the first quarter
    ** Outokumpu also expects stainless steel deliveries to
increase by 10–20% in Q1 compared to Q4, but Jefferies sees
continued pressure on prices
    ** In Q4, adjusted EBITDA loss of EUR 3 million was mainly
driven by deteriorating markets and high pressure from imports
in Europe and Americas, Jefferies says
        ** Analysts had expected an adjusted EBITDA loss of 1
million euros on average in the quarter
  
    ** Shares are on track for best day in 12 months

 (Reporting by Anna Chaberska)
 ((Anna.chaberska@thomsonreuters.com;))