Report

Outokumpu : The decline in deliveries and EBITDA should be contained in Q2 despite the pandemic

>A (moderate) decline in deliveries in Q2 2020 - Management indicates that it took preventative measures in the face of the COVID-19 (as of end-February). The order book remains robust in Q2 2020 but management thinks that a share of orders is unlikely to materialise. Outokumpu expects its stainless steel deliveries to be down 10%-20%. Note that the group has limited exposure to the markets that have been the hardest hit by the crisis (notably automotive and oil). Con...
Underlying
Outokumpu Oyj

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.

Provider
Oddo BHF
Oddo BHF

​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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