Make Kitco Your Homepage

Outokumpu raises profit outlook ahead of results

Kitco News

(Refiles to fix dateline)

HELSINKI, Oct 12 (Reuters) - Finnish steelmaker Outokumpu on Tuesday raised its outlook for July-September, citing increased stainless steel prices.

The company said it now expects adjusted earnings before interest, taxes, depreciation and amortization to be higher instead of on par with the second quarter of 2021 when it was 223 million euros ($257.85 million).

Outokumpu said stainless steel deliveries had decreased by 8% compared to the second quarter. ($1 = 0.8648 euros) (Reporting by Essi Lehto, Editing by Louise Heavens)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.