Outokumpu : Le momentum reste peu propice et nous avons quelques doutes sur le projet d’expansion US, reco Neutre réitérée et OC abaissé à 4,8 €
>Chute libre en Europe, résilience d’Americas et de Ferrochrome - Les résultats T3 2023 d’Outokumpu ont été significativement inférieurs aux attentes avec un EBITDA ajusté de 51 M€, 50% < consensus (cf. first take publié hier pour plus de détails). Cette contreperformance est due principalement à l’activité principale BA Europe qui a réalisé une perte d’EBITDA de 29 M€ (vs 52 M€ au T2), une première de très longue date. Si les volumes ont plutôt bien résisté dans la z...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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