Inside information, profit warning: Outokumpu’s fourth-quarter 2024 adjusted EBITDA expected to be close to break-even or turn negative
Outokumpu CorporationInside informationDecember 12, 2024 at 9.40 pm EETAccording to the guidance given on October 30, 2024, Outokumpu’s adjusted EBITDA in the fourth quarter of 2024 is expected to be lower compared to the third quarter (Q3/24: EUR 86 million). Due to recent adverse development in business area Europe, group adjusted EBITDA is expected to be close to break-even or turn negative for the fourth quarter. This is driven by the weaker-than-expected stainless steel market, longer than planned annual maintenance break at the Tornio site in Finland and a negative inventory value