Inside information, profit warning: Outokumpu’s fourth-quarter 2024 adjusted EBITDA expected to be close to break-even or turn negative

According to the guidance given on October 30, 2024, Outokumpu’s adjusted EBITDA in the fourth quarter of 2024 is expected to be lower compared to the third quarter (Q3/24: EUR 86 million). Due to recent adverse development in business area Europe, group adjusted EBITDA is expected to be close to break-even or turn negative for the fourth quarter. This is driven by the weaker-than-expected stainless steel market, longer than planned annual maintenance break at the Tornio site in Finland and a negative inventory value impact.

Outokumpu’s stainless steel deliveries in the fourth quarter are expected to decrease by 0-10% compared to the third quarter, as stated in the outlook, but to be closer to the lower end of the given range.

Outokumpu’s fourth-quarter 2024 adjusted EBITDA guidance remains lower compared to the third quarter. *⁾

Outokumpu will publish its full year 2024 results on February 13, 2025.

*⁾ Outokumpu uses three ways to guide for its adjusted EBITDA – lower, similar level, higher.

For more information:

Investors: Linda Häkkilä, Head of Investor Relations, tel. +358 400 719 669

Media: Päivi Allenius, SVP – Brand and Communications, tel. +358 40 753 7374, or media desk, +358 40 351 9840, email: media(at)Outokumpu.com