Outokumpu - Strong start to the year, Group adjusted EBITDA at EUR 294 million
Outokumpu OyjInterim statementApril 27, 2017 at 12.00 pm EET Highlights in the first quarter 2017 Outokumpu’s adjusted EBITDA was EUR 294 million, compared to EUR 29 million in the first quarter of 2016. The improved performance was a result of successful continuation of productivity and efficiency improvement measures, supported by strong market fundamentals and higher ferrochrome prices. Operating cash flow of EUR -53 million was negatively impacted by an increase in net working capital of EUR 280 million. • Stainless steel deliveries were 639,000 tonnes (610,000 tonnes)1.•