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Outokumpu Oyj
Inside information
October 12, 2021 at 9.00 am EEST

Outokumpu's third-quarter adjusted EBITDA higher than expected

Realized prices for stainless steel have increased more than expected and consequently Outokumpu's adjusted EBITDA is expected to be higher compared to the second quarter. The company is in line with its volume guidance as stainless steel deliveries decreased by 8% compared to the second quarter. Outokumpu had earlier expected its third-quarter adjusted EBITDA to be at a similar level compared to the second quarter of 2021 (Q2/21: EUR 223 million).

Outokumpu will publish the January-September results on November 4, 2021 at approximately 9.00 am EET.

For more information:

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

Päivi Allenius, VP - Communications, tel. +358 40 753 7374

Outokumpu is the global leader in stainless steel. Our customers use it to create civilization’s basic structures and its most famous landmarks. Stainless steel is sustainable, durable and designed to last forever. We aim to be the best value creator in stainless by 2020 through our competitive edge of customer orientation and efficiency. With our expertise, we can tailor stainless steel into any form and for almost any purpose.