Outokumpu Q1 Adj. EBITDA EUR 65 Million, Below Estimate
May 12 (Reuters) - Outokumpu Oyj OUT1V.HE:
Q1 EBITDA EUR 59 MILLION
Q1 EBIT EUR 3 MILLION
Q1 NET INCOME EUR -6 MILLION
Q1 EPS EUR -0.01
Q1 SALES EUR 1,451 MILLION VS. ESTIMATE EUR 1,456 MILLION
Q1 ADJUSTED EBITDA EUR 65 MILLION VS. ESTIMATE EUR 70 MILLION
ADJUSTED EBITDA IMPROVEMENT IN Q2 OF 2026 IS EXPECTED TO BENEFIT MAINLY FROM INCREASING STAINLESS STEEL DELIVERY VOLUMES, WHICH ARE FORECAST TO RISE BY 0-10% FROM Q1 OF 2026
Q2 OUTLOOK: WITH CURRENT RAW MATERIAL PRICES, RAW MATERIAL-RELATED INVENTORY AND METAL DERIVATIVE GAINS ARE FORECASTED TO BE REALIZED IN Q2
GUIDANCE FOR Q2: ADJUSTED EBITDA IN Q2 OF 2026 IS EXPECTED TO BE HIGHER COMPARED TO Q1 OF 2026
SO FAR, DIRECT EFFECTS OF CONFLICT IN MIDDLE EAST ON CO'S RESULT HAVE BEEN LIMITED AND MAINLY RELATED TO HIGHER FREIGHT COSTS, WHICH ARE EXPECTED TO INCREASE FURTHER IN Q2
IN Q1, STAINLESS STEEL MARKET DYNAMICS IMPROVED, DRIVEN BY SEASONALITY AND CARBON BORDER ADJUSTMENT MECHANISM (CBAM) IMPACTS IN EUROPE
Q1 STAINLESS STEEL DELIVERIES INCREASED BY 27% TO 465 THOUSAND TONNES FROM PREVIOUS QUARTER.
Further company coverage: OUT1V.HE
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