Outokumpu upgrades its guidance for the fourth quarter

Outokumpu upgrades its guidance for the fourth quarter

Outokumpu upgrades its guidance for the fourth quarter of 2020 as the adjusted EBITDA is expected to be higher compared to the third quarter. Stainless steel deliveries are estimated to increase by approximately 5-10% due to stronger than expected market recovery. The result is also expected to be supported by improved cost efficiency and positive raw material impacts. The company had earlier expected its fourth-quarter adjusted EBITDA to remain at the same level compared to the third quarter of 2020 (Q3/20: EUR 22 million).

Outokumpu will publish the Financial Statements release on February 4, 2021 at approx. 9.00 am EET.

For more information:

Linda Häkkilä, Investor Relations Manager, tel. +358 40 071 9669