Outokumpu raises its fourth quarter 2020 guidance as adjusted EBITDA is expected to be higher compared to the third quarter.
Outokumpu expects shipments to increase
Stainless steel shipments are expected to increase by approximately 5-10% as the market recovery is stronger than expected.
Improved cost efficiencies and positive raw material impacts
Earnings are also expected to be supported by improved cost efficiencies and positive raw material impacts. The company had previously expected adjusted EBITDA in the fourth quarter to be at the same level as in the third quarter of 2020 (Q3/20: EUR 22 million).
Outokumpu will publish its financial statements on February 4, 2021, at approximately 9:00 a.m. EET.
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