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Outokumpu
Outokumpu (OUT1V) investor relations material
Outokumpu Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary30 Jul, 2026
Executive summary
Adjusted EBITDA rose to EUR 100 million in Q2 2026, up from EUR 65 million in Q1, driven by improved performance in Europe, continued strength in Americas and Ferrochrome, and supported by policy measures and the EVOLVE growth strategy.
Stainless steel deliveries increased 5% sequentially, reaching a three-year high, with robust US demand and European support from CBAM and safeguard measures.
Net result for Q2 was EUR 25 million, with earnings per share at EUR 0.05.
Strategic milestones included the launch of a high-nickel alloys investment program and publication of the first patent applications for new low-CO₂ process technology.
Sustainability achievements included improved safety (TRIFR 1.4), high recycled content (96%), and recognition by Financial Times, Time, Statista, and S&P Global.
Financial highlights
Q2 2026 sales reached EUR 1,582 million, up from EUR 1,486 million in Q2 2025 and EUR 1,451 million in Q1 2026.
Adjusted EBITDA for Q2 2026 was EUR 100 million, with H1 2026 at EUR 164 million, up from EUR 124 million in H1 2025.
Operating cash flow in Q2 was EUR 85 million; free cash flow was EUR 51 million, aided by working capital release and EUR 34 million in capital expenditures.
Net debt decreased to EUR 224 million at quarter-end, with leverage ratio at 1.1x.
Dividend of EUR 0.13 per share for 2025, paid in two installments (EUR 0.06 in April, EUR 0.07 in October 2026).
Outlook and guidance
Stainless steel deliveries expected to decrease by 0–10% in Q3 2026 due to seasonality in Europe.
Q3 2026 adjusted EBITDA anticipated to be at a similar level as Q2 2026, with a positive net impact from realized prices and raw material costs.
Working capital expected to increase in Q3 due to planned maintenance and one-off payments, likely raising net debt.
Status of the Calvert mill wage litigation
Impact of South African ferrochrome subsidies
Status of USMCA negotiations and regional impact
Rationale for phased high-nickel alloy investment
Mexico-U.S. tariff impact on capacity utilization
Strategy to decouple from charge chrome market
Partial view of Summaries dataset, powered by Quartr API
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Latest events from Outokumpu
- Q3 2025 EBITDA fell to EUR 34.4m on weak demand; further declines expected in Q4.OUT1V
Q3 20259 Jul 2026 - Q3 2024 adjusted EBITDA reached EUR 86M, but Q4 outlook is weaker amid market headwinds.OUT1VQ3 20249 Jul 2026
- Transformative growth in advanced alloys and low-CO2 metals targets €250m EBITDA uplift.OUT1VCMD 202530 Jun 2026
- Driving growth in sustainable stainless steel and advanced materials with industry-leading sustainability.OUT1VInvestor presentation20 Jun 2026
- Q1 2026 saw adjusted EBITDA rise to EUR 65 million, with further gains expected in Q2.OUT1VQ1 202612 May 2026
- Profitability declined in 2025 amid weak demand, but strategic investments and restructuring aim to drive future growth.OUT1VQ4 202512 Feb 2026
- Q2 EBITDA expected stable or higher amid slow recovery, strike impacts, and subdued demand.OUT1VPre-Silent Call3 Feb 2026
- Q2 2024 EBITDA rose to EUR 56 million, with stable outlook and strong sustainability progress.OUT1VQ2 20242 Feb 2026
- Market softness persists, but stable deliveries and strong cost control support Q3 results.OUT1VPre-Silent Call20 Jan 2026
Next Outokumpu earnings date
Q3 20266 Nov, 2026
Outokumpu
Next Outokumpu earnings date
Q3 20266 Nov, 2026
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excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
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I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
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