Outokumpu Q1 Profit Misses Forecasts Amid Europe Drag
Outokumpu Q1 profit missed forecasts at 65 million euros due to weak European results. The firm expects market improvements as EU carbon levies reduce imports.
OUTOKUMPU OYJ reported first-quarter adjusted EBITDA of 65 million euros, missing the 70 million euro forecast from a Vara Research analyst poll. Weak profitability in the European business of the producer from Finland offset improving stainless steel market dynamics. The result highlights execution challenges as trade protections begin reshaping the regional steel industry.
### Supply Chain Errors Erase Market Gains Outokumpu CFO Marc-Simon Schaar told Reuters that a new supply chain planning solution caused a loss of 20 million to 30 million euros. This internal challenge prevented Outokumpu from capturing market shifts as imports from Asia declined. Schaar noted that competitors benefited more from the reduction in imports during the quarter.
