AT A GLANCE: Outokumpu reports lower 2019 earnings on reduced deliveries

A summary of the financial results for Finnish stainless steelmaker Outokumpu for the fourth quarter and full 12 months of its 2019 financial year.

In brief The company noted the effects on its earnings of “exceptionally low deliveries across all business areas” and high nickel prices. High import volumes as a result of US trade wars were blamed for the struggles of the European market and the intensified competition in Asia. Low activity in the global automotive industry was also cited, along with low prices. Full year 2019 Earnings before interest,...

Published

Carrie Bone

February 06, 2020

17:40 GMT

London