20
Jan
18:37
Outokumpu foresees better-than-expected earnings for fourth quarter 2019
Finnish stainless specialist Outokumpu expects to post increased earnings before interest, taxation, depreciation and amortisation (Ebitda) for the fourth quarter of 2019, the company tells Kallanish.
Outokumpu’s Q4 adjusted Ebitda is expected to be approximately €70 million ($77.6m) mainly as a result of positive raw material impacts, including improved raw material efficiency and hedging. The company had earlier expected its Q4 adjusted Ebitda to be a…
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