Outokumpu reports ?2m underlying Q1 EBIT, but expects negative Q2

摘要

Outokumpu reported a ?2m underlying Q1 EBIT but warned that its Q2 underlying EBITwas likely to be slightly negative. Stainless deliveries were up by 9% q/q overall but down by8% y/y. In the EMEA region the order intake has been slow due to high stock levels, leavingstainless steel deliveries 11% lower y/y (but up by 11% q/q).