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Outokumpu : La guidance d’EBITDA du T4 déçoit de même que les conclusions de la revue stratégique. Opinion Neutre réitérée

>Un EBITDA au T3 conforme aux attentes du consensus - Outokumpu a publié un EBITDA ajusté T3 2020 de 22 M€ (T2 2020: 45 M€) inférieur à nos attentes (ODDO BHF: 39 M €) mais en ligne avec le consensus (21 M€) en raison notamment d’une forte pression sur les prix de ventes (en Europe), d'une baisse de 7% de ses livraisons et de l’arrêt pour maintenance de la mine de ferrochrome de Tornio (Finlande). Par division, BA Europe a enregistré un EBITDA de 9 M€ (T2 2020: 30 M€)...
Underlying
Outokumpu Oyj

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.

Provider
Oddo BHF
Oddo BHF

​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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