Outokumpu Oyj New (OUTFF) Q4 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:03.976 Good afternoon and welcome to Otukumbu's fourth quarter results webcast. 00:00:03.976 -- 00:00:06.900 I'm Juhan, responsible for investor relations. 00:00:06.900 -- 00:00:11.986 We will begin with a presentation from our CEO, Katja Ter Horst, and our CFO, 00:00:11.986 -- 00:00:16.552 Mark Simon Schaar. After the presentation, you are welcome to ask questions over the 00:00:16.552 -- 00:00:20.036 line. With that time, please, to hand over to you, Katja. 00:00:20.036 -- 00:00:22.981 Thank you very much, Juhan. 00:00:22.981 -- 00:00:28.133 Also very, very welcome from my side. We are here today in a studio 00:00:28.133 -- 00:00:31.441 in a very snowy, beautiful Helsinki. 00:00:31.441 -- 00:00:36.633 So let's go then directly to the business and talk 00:00:36.633 -- 00:00:41.664 about the fourth quarter and also some key comments on the full 00:00:41.664 -- 00:00:46.724 year. So if we look at the whole year as such, I think the comment 00:00:46.724 -- 00:00:52.175 there is that the stainless steel market did remain weak and 00:00:52.175 -- 00:00:57.687 was very much pressured by the uncertainty we saw on the markets and also the 00:00:57.687 -- 00:01:01.625 especially low-priced Asian imports coming to Europe. 00:01:01.625 -- 00:01:07.558 So our full year adjusted EBITDA then decreased to 167 million, 00:01:07.558 -- 00:01:13.211 and the profitability improved very clearly in BA Americas and in Ferrochrome, 00:01:13.211 -- 00:01:20.122 but then declined in business area Europe, if you compare year on year from 2024. 00:01:22.145 -- 00:01:24.987 Then the Q4-25 00:01:25.311 -- 00:01:30.802 profitability was impacted both by market weakness, but also the temporary 00:01:30.802 -- 00:01:35.972 challenges we've been having with the supply c...