Outokumpu interim report January-September 2026 - Solid third quarter profitability and EVOLVE strategy progressing well
Key Highlights
- ➤Q3 adjusted EBITDA EUR 101 million, stable quarter-on-quarter
- ➤Q3 stainless steel deliveries fell 7% amid weak European demand
- ➤Q3 operating cash flow was EUR -83 million; net debt rose to EUR 348 million
- ➤EUR 100 million restructuring program targets approximately EUR 60 million savings in 2026
- ➤Q4 adjusted EBITDA expected similar to EUR 10 million recorded in Q4 2025
Expert Statements
Kati ter Horst, President and CEO of Outokumpu
“During the third quarter, stainless steel market conditions in Europe remained challenging.”
Kati ter Horst, President and CEO of Outokumpu
“Demand was stronger in selected industrial segments, such as data centers and energy, while household appliances and automotive remained weak.”
Kati ter Horst, President and CEO of Outokumpu
“The business environment in Americas was clearly stronger, with deliveries increasing by 7% from the previous quarter.”
Kati ter Horst, President and CEO of Outokumpu
“Ferrochrome also had a strong quarter, and demand for our low-emission ferrochrome remained at a good level, including new higher-margin grades among new customers.”
Kati ter Horst, President and CEO of Outokumpu
“Despite continued weakness in Europe with 12% lower deliveries, we delivered a solid result in the seasonally slower third quarter, with group adjusted EBITDA stable at EUR 101 million compared to the previous quarter.”
Kati ter Horst, President and CEO of Outokumpu
“We remain focused on disciplined cash flow and balance sheet management.”
Kati ter Horst, President and CEO of Outokumpu
“Our EUR 100 million restructuring program is progressing faster than planned, and we now expect to achieve approximately EUR 60 million of the savings in 2026.”
Kati ter Horst, President and CEO of Outokumpu
“Our EVOLVE growth strategy is gaining momentum.”
Kati ter Horst, President and CEO of Outokumpu
“We have successfully produced selected high-nickel alloys for specific customers and applications, using our existing production capabilities with industry-leading coil widths.”
Kati ter Horst, President and CEO of Outokumpu
“This milestone creates a solid base for next steps in high-nickel alloys, demonstrates the strong expertise of our teams and supports the expansion of our Advanced Materials business.”
Kati ter Horst, President and CEO of Outokumpu
“The recently launched investment program at Avesta is advancing according to plan, and preparations are underway to install an electroslag remelting unit in the existing melt shop, with start-up planned for the first quarter of 2028.”
Kati ter Horst, President and CEO of Outokumpu
“The unit will enable further purification of the alloys and support customer qualification across a broader range of grades and applications.”
Kati ter Horst, President and CEO of Outokumpu
“At the same time, we are conducting a detailed engineering study for the second phase greenfield investment in new melting and casting capabilities, with commissioning planned for the end of 2029.”
Kati ter Horst, President and CEO of Outokumpu
“During the New York Climate Week, we launched EvoMaterials®, marking the next phase in commercializing proprietary technology for producing low-CO₂ metals.”
Kati ter Horst, President and CEO of Outokumpu
“Construction of our pilot plant is progressing as planned, and the operations are expected to begin in the first half of 2027.”
Kati ter Horst, President and CEO of Outokumpu
“Despite the uncertainty on European demand recovery, I remain confident that our EVOLVE growth strategy makes us stronger by creating new profitable growth platforms.”
Outokumpu Oyj Outokumpu Corporation Interim report November 6, 2026 at 9.00 am EET
Outokumpu interim report January–September 2026 – Solid third quarter profitability and EVOLVE strategy progressing well
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