Outokumpu : Decent Q2 print amid headwinds but Q3 outlook remains cautious
>Decent Q2 driven by cost and mix initiatives amid soft market conditions - Outokumpu’s Q2 2024 results were in line with expectations with adjusted EBITDA at € 56m, 2% above the consensus but 13% below our more bullish forecast. The beat was however partly driven by € 3m of inventory and hedging gains vs a negative impact initially guided and compared with a € 7m loss booked in Q1. With a 47% q-o-q rise, the group attained its guidance of a similar or higher adjusted...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.