Summary : Outokumpu logo is seen at the company’s head office in Helsinki, Finland May 22, 2018. REUTERS/Jussi Rosendahl/File Photo
Finland’s Outokumpu (OUT1V.HE) on Thursday posted stronger-than-expected core earnings for the second quarter as steel prices rose following Russia’s invasion of Ukraine.
The steel maker’s April-June adjusted earnings before interest, tax, depreciation and amortisation ( EBITDA) more than doubled to 547 million euros ($555.86 million), above analysts’ mean estimate of 443 million in a company-provided poll.
Outokumpu logo is seen at the company’s head office in Helsinki, Finland May 22, 2018. REUTERS/Jussi Rosendahl/File Photo
HELSINKI, Aug 4 (Reuters) – Finland’s Outokumpu (OUT1V.HE) on Thursday posted stronger-than-expected core earnings for the second quarter as steel prices rose following Russia’s invasion of Ukraine.The steel maker’s April-June adjusted earnings before interest, tax, depreciation and amortisation ( EBITDA) more than doubled to 547 million euros ($555.86 million), above analysts’ mean estimate of 443 million in a company-provided poll.
