Outokumpu reports EUR 2 million underlying EBIT for the first quarter of 2015
OUTOKUMPU OYJINTERIM REPORTApril 29, 2015 at 9.00 am EET Underlying EBIT EUR 2 million: Coil EMEA continues on track but Coil Americas disappoints Highlights in the first quarter 2015 Outokumpu reported underlying EBIT of EUR 2 million versus EUR -9 million in the fourth quarter of 2014. The improvement in profitability was driven by higher volumes and steady performance in Coil EMEA, whereas Coil Americas’ performance was disappointing. Operating cash flow was negative EUR 62 million. · Stainless steel deliveries grew by 9.2% and were 620,000 tonnes1 (IV 2014: 568,