Outokumpu : Heading for another transition quarter
>Solid Q3 in Europe, underperformance in America harder to read - Outokumpu reported a relatively strong Q3, albeit with contrasts between the business areas. Adjusted EBITDA was up 54% vs Q2 at € 86m, above the initial guidance (stable or rising EBITDA) and the consensus of € 74m, although the difference is largely due to raw material-related inventory and metal derivative gains, which are exceptional in nature. While the performance had been driven by the US until Q...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.