Outokumpu returned to profitability in 2016: full-year underlying EBIT at EUR 45 million
Outokumpu OyjAnnual Accounts BulletinFebruary 2, 2017 at 12.00 Highlights of the fourth quarter 2016 Outokumpu’s underlying EBIT was EUR 38 million compared to EUR 32 million in the third quarter. Business area Europe delivered a strong quarter driven by higher base prices and continued cost reductions. The Americas’ performance was negatively impacted by seasonality and a cost of EUR 9 million related to supplier invoicing correction. · Stainless steel deliveries were 596,000 tonnes1 (608,000 tonnes)2. · Underlying EBITDA3 was EUR 98 million (EUR 110 million). ·