HELSINKI (Reuters) - Finland's Outokumpu on Thursday posted stronger-than-expected core earnings for the second quarter as steel prices rose following Russia's invasion of Ukraine.
HELSINKI (Reuters) – Finland’s Outokumpu on Thursday posted stronger-than-expected core earnings for the second quarter as steel prices rose following Russia’s invasion of Ukraine.
The steel maker’s April-June adjusted earnings before interest, tax, depreciation and amortisation ( EBITDA) more than doubled to 547 million euros ($555.86 million), above analysts’ mean estimate of 443 million in a company-provided poll.
($1 = 0.9841 euros)
(Reporting by Essi Lehto, editing by Terje Solsvik)
Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products:
