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