Outokumpu released Q1 18 results. Sales reached €1,671m (-4.9%), EBITDA €140m (vs €309m), EBIT €90m vs €252m and the net result €49m vs €182m. Net debt at the end of Q1 amounted to €1,086m vs €1,376m in Q1 17 and €1,091m at year-end 2017. The numbers for FY17 are restated to account for IFRS15 (restatements are minor by the way). In terms of outlook, Outokumpu expects a similar Q2, with adjusted EBITDA at around €133m on flat steel delive
26 Apr 2018
Q1 18: disappointing on ferrochrome and European prices
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Q1 18: disappointing on ferrochrome and European prices
Outokumpu Oyj (OUT1V:HEL) | 0 0 2.1% | Mkt Cap: 2,681m
- Published:
26 Apr 2018 -
Author:
Fabrice Farigoule -
Pages:
3
Outokumpu released Q1 18 results. Sales reached €1,671m (-4.9%), EBITDA €140m (vs €309m), EBIT €90m vs €252m and the net result €49m vs €182m. Net debt at the end of Q1 amounted to €1,086m vs €1,376m in Q1 17 and €1,091m at year-end 2017. The numbers for FY17 are restated to account for IFRS15 (restatements are minor by the way). In terms of outlook, Outokumpu expects a similar Q2, with adjusted EBITDA at around €133m on flat steel delive