Outokumpu : Q4 2019 set to be complicated. America struggling to recover
>No improvement expected in Q4 2019 - The management expects adjusted EBITDA in Q4 2019 to be similar to that in Q3 2019 (€ 45m). This implies that adjusted EBITDA for 2019 would be around € 235m (€ 259m for the Vara consensus). The group said that the stainless steel market in particular is likely to remain difficult: 1/ the European market is still suffering from ongoing pressure from Asian imports (market share of imports of 34% vs 23% in Q1 2019) and weak domestic...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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