Outokumpu revises its second quarter outlook: adjusted EBITDA expected to be approximately EUR 200 million

Outokumpu Oyj
Stock exchange release 
July 13, 2017 at 4.30 pm EET 

Outokumpu lowers its second quarter earnings outlook. The company expects its second-quarter adjusted EBITDA to be approximately EUR 200 million. Earlier Outokumpu expected its second-quarter adjusted EBITDA to be somewhat lower than in the first quarter of 2017.

The second-quarter earnings were negatively impacted mainly by low ferrochrome production volumes and deliveries due to the delayed maintenance in one of the ferrochrome furnaces. The change in outlook is also a result of timing impacts due to declined raw material prices.

Outokumpu expects the healthy underlying stainless steel demand to continue.

Outokumpu’s second-quarter 2017 financial results will be published on Tuesday, July 25, 2017 at 12.00pm EEST.

For more information:

Investors: Tommi Järvenpää, tel. +358 9 421 3466, mobile +358 40 576 0288

Media: Reeta Kaukiainen, tel. +358 50 522 0924 

Outokumpu Group

Outokumpu is a global leader in stainless steel. We create advanced materials that are efficient, long lasting and recyclable – thus building a world that lasts forever. Stainless steel, invented a century ago, is an ideal material to create lasting solutions in demanding applications from cutlery to bridges, energy and medical equipment: it is 100% recyclable, corrosion-resistant, maintenance-free, durable and hygienic. Outokumpu employs some 10,000 professionals in more than 30 countries, with headquarters in Helsinki, Finland and shares listed in Nasdaq Helsinki. 
www.outokumpu.com      outokumpu.com/stainless-news      choosestainless.outokumpu.com