Outokumpu reports EUR -25 million underlying EBIT for the second quarter of 2015: Improvement in Coil EMEA not enough to cover losses in Coil Americas
OUTOKUMPU OYJINTERIM REPORTJuly 23, 2015 at 9.00 am EET Underlying EBIT of EUR -25 million. Improvement in Coil EMEA not enough to cover losses in Coil Americas Highlights in the second quarter 2015 Outokumpu’s underlying EBIT was EUR -25 million compared to EUR 2 million in the first quarter of 2015. While European restructuring progressed and performance in Coil EMEA improved, a decline in financial performance was driven by low delivery volumes and weak performance in Coil Americas. Coil Americas’ underlying EBIT loss increased to EUR 50 million. Operating cash