Outokumpu Expects Q4 Adj EBITDA To Be Lower Than In Q3

Oct 29 (Reuters) - Outokumpu Oyj OUT1V.HE:

• Q3 ADJUSTED EBITDA EUR 34 MILLION VERSUS. ESTIMATE EUR 35.7 MILLION

• Q3 EBIT EUR -24 MILLION

• Q3 EBITDA EUR 29 MILLION

• Q3 SALES EUR 1,298 MILLION VERSUS. ESTIMATE EUR 1,334.5 MILLION

• Q3 NET INCOME EUR -35 MILLION

• Q3 EPS EUR -0.07

• Q3 ADJUSTED EBIT EUR -19 MILLION

• GUIDANCE FOR Q4 2025: ADJUSTED EBITDA IN Q4 OF 2025 IS EXPECTED TO BE LOWER COMPARED TO Q3

• GROUP STAINLESS STEEL DELIVERIES IN Q4 ARE EXPECTED TO DECREASE BY 5-15% COMPARED TO Q3 MAINLY DUE TO CONTINUED MARKET WEAKNESS IN BUSINESS AREA EUROPE AND SEASONAL SLOWDOWN IN BUSINESS AREA AMERICAS

• UNDERLYING DEMAND FOR STAINLESS STEEL CONTINUES TO BE SUBDUED DUE TO LOW INVESTMENT AND MANUFACTURING ACTIVITY AS WELL AS WEAK CONSUMER CONFIDENCE

• FURTHERMORE, EUROPEAN STAINLESS STEEL MARKET HAS BEEN BURDENED BY HIGH VOLUMES OF LOW-PRICED ASIAN IMPORTS FOR SOME TIME

• IN BUSINESS AREA EUROPE, ADJUSTED EBITDA STOOD AT EUR -12 MILLION, AND STAINLESS STEEL DELIVERIES DECREASED BY 12% QUARTER-ON-QUARTER

• IN BUSINESS AREA AMERICAS, ADJUSTED EBITDA WAS EUR 30 MILLION, AND STAINLESS STEEL DELIVERIES DECREASED BY 6% COMPARED TO PREVIOUS QUARTER

Further company coverage: OUT1V.HE