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    OUT1V   FI0009002422

OUTOKUMPU OYJ

(OUT1V)
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Outokumpu Oyj : third-quarter adjusted EBITDA higher than expected

10/12/2021 | 02:01am EST

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. The foundation of our business is our ability to tailor stainless steel into any form and for almost any purpose. Stainless steel is sustainable, durable and designed to last forever. Our customers use it to create civilization's basic structures and its most famous landmarks as well as products for households and various industries. Outokumpu employs some 9,500 professionals in more than 30 countries, with headquarters in Helsinki, Finland and shares listed in Nasdaq Helsinki. www.outokumpu.com

https://news.cision.com/outokumpu-oyj/r/outokumpu-s-third-quarter-adjusted-ebitda-higher-than-expected,c3430734

(c) 2021 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2021 7 604 M 8 605 M 8 605 M
Net income 2021 586 M 663 M 663 M
Net Debt 2021 595 M 673 M 673 M
P/E ratio 2021 4,06x
Yield 2021 3,05%
Capitalization 2 363 M 2 674 M 2 675 M
EV / Sales 2021 0,39x
EV / Sales 2022 0,30x
Nbr of Employees 9 137
Free-Float 75,9%
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Mean consensus OUTPERFORM
Number of Analysts 14
Last Close Price 5,22 €
Average target price 7,41 €
Spread / Average Target 41,8%
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Managers and Directors
Heikki Pekka Mikael Malinen President & Chief Executive Officer
Pia Aaltonen-Forsell Chief Financial Officer
Kari Alpo Erik Jordan Chairman
Stefan Erdmann Chief Technology Officer
Niklas Wass EVP-Operations Business Europe region
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