Outokumpu : After a bleak end to the year in 2023, the recovery in 2024 could be a little slower than expected, target price lowered to € 5.5
>Q4 set to be relatively subdued but in line with our expectations - CFO Pia Aaltonen-Forsell yesterday held a pre-close call in which she offered a very cautious narrative. The group is expected to be at the lower end of its guidance range for stainless steel shipment QoQ growth of between 0% and 10%. This trend reflects a stable market context at a low level in Europe and a little better in the US albeit showing deterioration. That said, Outokumpu is benefiting in E...Outokumpu is organized into the following five business areas: Coil Europe, Middle East and Africa, which consists of stainless operations as well as ferrochrome production in Europe; Coil Americas, which produces standard austenitic and ferritic grades as well as tailored products; APAC, which includes cold rolling facility and coil and plate service center in China, as well as a coil service center in Australia; Quarto Plate, which is comprised of the quarto plate production facilities in Sweden and in the U.S.; as well as Long Products, in which its products are used in a range of applications such as springs, wires, surgical equipment, automotive parts and construction.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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