Steelmaker Outokumpu beats expectations for Q3 core profit
Oct 30 (Reuters) -Finnish stainless steel maker Outokumpu OUT1V.HE reported third-quarter core profit above market expectations on Wednesday, supported by higher realized prices for stainless steel in Europe and its strong ferrochrome business.
However, it warned about deteriorating markets for its Europe and Americas business areas in the fourth quarter.
Outokumpu's adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) soared 69% to 86 million euros ($93 million) in the July-September quarter, beating analysts' average forecast of 72.9 million in a company-provided poll.
($1 = 0.9245 euros)
Reporting by Jagoda Darlak; editing by Milla Nissi
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