Outokumpu : Q4 better than expected but Europe still pressuring the outlook
>Solid operating and financial performances in a challenging environment - Outokumpu turned in a solid set of figures for Q4, ahead of the cautious indications given during the pre-close call on 4 January. Adjusted EBITDA came in at € 73m, up 46% vs Q3, 27% ahead of consensus and 49% of our own forecasts. This performance was achieved despite flat volumes, right at the bottom of the guidance of 0-+10%. It was driven on the one hand by the slight uptick in prices and t...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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