Outokumpu upgrades its guidance for the fourth quarter

Outokumpu Oyj
Inside information
December 15, 2020 at 9.00 am EET

Outokumpu upgrades its guidance for the fourth quarter

Outokumpu upgrades its guidance for the fourth quarter of 2020 as the adjusted EBITDA is expected to be higher compared to the third quarter. Stainless steel deliveries are estimated to increase by approximately 5-10% due to stronger than expected market recovery. The result is also expected to be supported by improved cost efficiency and positive raw material impacts. The company had earlier expected its fourth-quarter adjusted EBITDA to remain at the same level compared to the third quarter of 2020 (Q3/20: EUR 22 million).

Outokumpu will publish the Financial Statements release on February 4, 2021 at approx. 9.00 am EET.

For more information:

Linda Häkkilä, Investor Relations Manager, tel. +358 40 071 9669

Outokumpu is the global leader in stainless steel. The foundation of our business is our ability to tailor stainless steel into any form and for almost any purpose. Stainless steel is sustainable, durable and designed to last forever. Our customers use it to create civilization’s basic structures and its most famous landmarks as well as products for households and various industries. Outokumpu employs 10,000 professionals in more than 30 countries, with headquarters in Helsinki, Finland and shares listed in Nasdaq Helsinki. www.outokumpu.com