Outokumpu : Q2 2023 preview: more cautious tone in the short term but long-term trajectory remains convincing
>A more pessimistic tone for Q2 mainly due to the economic environment in Europe - CFO Pia Aaltonen-Forsell held a pre-close call yesterday in which she confirmed the guidance of stable or slightly higher EBITDA for Q2 vs Q1. Although guidance of stable volumes is confirmed "by and large", our understanding is that volumes are marginally weaker-than-expected in the US and especially in Europe where the economic environment remains particularly sluggish. Overall, custo...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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