Q1 17 sales reached €1,757m (+26.7%), EBITDA €309m (vs €46m), EBIT €252m (vs €29m) and net income €182m (vs €-41m). Net debt at the end of Q1 17 was €1,376m (vs €1,242m at year-end 2016). Stainless steel demand is expected to remain robust in both Europe and the US in Q2 and stainless steel base prices are expected to continue to improve. Still, the group expects this to be more than compensated by lower ferrochrome contract price and deliveries (b
27 Apr 2017
Nice start to FY17
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Nice start to FY17
Outokumpu Oyj (OUT1V:HEL) | 0 0 2.1% | Mkt Cap: 2,681m
- Published:
27 Apr 2017 -
Author:
Fabrice Farigoule -
Pages:
2
Q1 17 sales reached €1,757m (+26.7%), EBITDA €309m (vs €46m), EBIT €252m (vs €29m) and net income €182m (vs €-41m). Net debt at the end of Q1 17 was €1,376m (vs €1,242m at year-end 2016). Stainless steel demand is expected to remain robust in both Europe and the US in Q2 and stainless steel base prices are expected to continue to improve. Still, the group expects this to be more than compensated by lower ferrochrome contract price and deliveries (b