Outokumpu Financial Statements Release 2019 – Significant reduction of net debt to EUR 1,155 million
Outokumpu OyjFinancial statements releaseFebruary 5, 2020 at 9.00 am EETOutokumpu Financial Statements Release 2019 – Significant reduction of net debt to EUR 1,155 million Highlights in the fourth quarter of 2019 · Stainless steel deliveries were 458,000 tonnes (534,000 tonnes)1. · Adjusted EBITDA was EUR 73 million (EUR 89 million). · EBITDA was EUR 90 million (EUR 92 million). · Operating cash flow was EUR 143 million (EUR 43 million). · Net debt was EUR 1,155 million (September 30, 2019: EUR 1,336 million). · Gearing was 45.1% (September 30, 2019: 51.4%).