A rather lackluster report indeed. The company doesn’t seem to be able to keep up with Acerinox at all. European demand has remained surprisingly weak. Is this partially explained in Outokumpu’s case by delivery issues due to the SAP implementation, or is the market still weak? Fortunately, prices have picked up as expected, and the cash flow was already quite good. Growth in European demand is needed for the end of the year, and instead of excuses, the company needs to finally deliver some results.
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