Sales reached €1,386m (-21.6%), EBITDA €46m (-29%), underlying EBITDA €38m (-50%), EBIT €-12m (-20%), net result €-41m vs €-45m). Net debt at the end of Q1 stood at €1,551m (vs €2,034 a year ago and €1,610m at the end of Q4 15). For Q2, the group expects stainless steel market conditions to remain challeging, despite some improvement in the US, while the results will be burdened by weak ferrochrome prices. Altogether, Outokumpu expects flat volumes
27 Apr 2016
Rather weak Q1 16 results.
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Rather weak Q1 16 results.
Outokumpu Oyj (OUT1V:HEL) | 0 0 2.1% | Mkt Cap: 2,681m
- Published:
27 Apr 2016 -
Author:
Fabrice Farigoule -
Pages:
2
Sales reached €1,386m (-21.6%), EBITDA €46m (-29%), underlying EBITDA €38m (-50%), EBIT €-12m (-20%), net result €-41m vs €-45m). Net debt at the end of Q1 stood at €1,551m (vs €2,034 a year ago and €1,610m at the end of Q4 15). For Q2, the group expects stainless steel market conditions to remain challeging, despite some improvement in the US, while the results will be burdened by weak ferrochrome prices. Altogether, Outokumpu expects flat volumes