Outokumpu upgrades Q4 guidance

摘要

Stainless steel producer Outokumpu Oyj has upgraded its guidance for the fourth quarter of 2020 following better than expected sales, the Finnish company said on Tuesday December 15. With production facilities in Finland, Sweden, Germany, the United Kingdom, Mexico and the United States, and sales offices around the world, Outokumpu now expects its earnings before interest, taxes, depreciation and amortization (Ebitda) to be higher than in the third quarter because stainless steel deliveries are estimated to have increased by about 10-15.