AT A GLANCE: Outokumpu 2020 earnings down 28% y-o-y on Covid-19

A summary of the financial results for Finnish stainless steelmaker Outokumpu for the fourth-quarter and full year of 2020.

In brief Sales in 2020 were only 3% lower than 2019, but earnings fell due to significantly lower prices in Europe during the Covid-19 pandemic A stronger-than-expected market recovery in the fourth quarter pushed earnings up from €10 million to €30 million quarter on quarter The company concluded 2020 without any Covid-19-related production losses after implementing rigorous measures...


Ross Yeo

February 04, 2021

17:18 GMT