Outokumpu - Positive EBIT excluding non-recurring items and operating cash flow in seasonally slow market
OUTOKUMPU OYJINTERIM REPORTNovember 5, 2014 at 9.00 am EET Highlights in the third quarter 2014 For the first time since the merger with Inoxum, Outokumpu posted positive EBIT excluding non-recurring items of EUR 3 million. Continued cost savings and higher prices contributed positively, while at the same time performance was negatively impacted by lower deliveries in a seasonally slow market. Strong focus on net working capital resulted in better than estimated operating cash flow, which was positive EUR 23 million for the quarter. · Stainless steel deliveries decreased by