Outokumpu has just released H1 16 numbers. Sales reached €2,765m (-20.2%), EBITDA €108m vs €120m (-10%), EBIT €-6m (vs €-36m) and net €-61m (vs €-107m). Net debt at the end of Q2 reached €1,485m (€1,551m in Q1 and €2,116m at year-end 2015. Note the underlying EBIT (i.e. without special items) reached €-25m in H1 vs €-23m in H1 15 and €-20m in Q1 16. Note the top-line is impacted by the SKS disposal. The lfl decline in sales is -
26 Jul 2016
H1 16 in line, more time needed to reach industry standards
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H1 16 in line, more time needed to reach industry standards
Outokumpu Oyj (OUT1V:HEL) | 0 0 2.1% | Mkt Cap: 2,681m
- Published:
26 Jul 2016 -
Author:
Fabrice Farigoule -
Pages:
3
Outokumpu has just released H1 16 numbers. Sales reached €2,765m (-20.2%), EBITDA €108m vs €120m (-10%), EBIT €-6m (vs €-36m) and net €-61m (vs €-107m). Net debt at the end of Q2 reached €1,485m (€1,551m in Q1 and €2,116m at year-end 2015. Note the underlying EBIT (i.e. without special items) reached €-25m in H1 vs €-23m in H1 15 and €-20m in Q1 16. Note the top-line is impacted by the SKS disposal. The lfl decline in sales is -