Outokumpu : Q1 preview: constructive message overshadowed by the strike, target price edged down to € 5.3
>A reassuring message on the recovery but the strike had a major impact - Yesterday, CFO Pia Aaltonen-Forsell held a pre-close call during which she gave a relatively constructive message on the market, in line with the indications provided at the roadshow with ODDO BHF in February. Demand has clearly improved in the US in line with the economy as a whole even though the impact will only begin to be felt in Q2 and beyond. Indications are also fairly encouraging in Eur...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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