Outokumpu reports EUR -67 million underlying EBIT for the third quarter of 2015: Weak profitability in difficult markets, strong operating cash flow
OUTOKUMPU OYJINTERIM REPORTNovember 5, 2015 at 9.00 am EET Underlying EBIT of EUR -67 million. Weak profitability in difficult markets, strong operating cash flow Highlights in the third quarter 2015 Outokumpu’s underlying EBIT was EUR -67 million, compared to EUR -25 million in the second quarter of 2015. The decline in profitability was driven by weak markets and lower deliveries particularly in Coil EMEA, while Coil Americas’ profitability showed some improvement. Operating cash flow was EUR 67 million, and net debt was reduced by EUR 104 million. · Stainless steel