May 9 (Reuters) - Finnish stainless steel maker
Outokumpu on Tuesday reported higher than expected
first-quarter core earnings, as it managed to keep costs under
control amid steep inflation.
The company's adjusted earnings before interest, tax,
depreciation and amortisation (EBITDA) fell 42% to 204 million
euros ($224.56 million) in the January-March period, but beat
analysts' expectation of 144.5 million euros in a
company-provided poll.
($1 = 0.9084 euros)
(Reporting by Jagoda Darlak in Gdansk; Editing by Milla Nissi)
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