Outokumpu : Robust Q3 but weak Q4 ahead on lower demand in both Europe and US
>Solid Q3 driven by Europe and Ferrochrome but Americas at four-year low - Outokumpu’s Q3 2024 results came in above expectations with adjusted EBITDA at € 86m, 16% above ODDO BHF and 18% above the consensus although this largely reflected € 10m of raw material-related inventory and metal derivatives gains. The group still achieved a 54% q-o-q improvement in EBITDA, above its initial expectations of stable to higher EBITDA. Overall, the environment remained subdued w...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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