Outokumpu Oyj New (OUTFF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon and welcome to Otukumbu's fourth quarter results webcast. I'm Juhan, responsible for investor relations. We will begin with a presentation from our CEO, Katja Ter Horst, and our CFO, Mark Simon Schaar. After the presentation, you are welcome to ask questions over the line. With that time, please, to hand over to you, Katja. Thank you very much, Juhan. Also very, very welcome from my side. We are here today in a studio in a very snowy, beautiful Helsinki. So let's go then directly to the business and talk about the fourth quarter and also some key comments on the full year. So if we look at the whole year as such, I think the comment there is that the stainless steel market did remain weak and was very much pressured by the uncertainty we saw on the markets and also the especially low-priced Asian imports coming to Europe. So our full year adjusted EBITDA then decreased to 167 million, and the profitability improved very clearly in BA Americas and in Ferrochrome, but then declined in business area Europe, if you compare year on year from 2024. Then the Q4-25 profitability was impacted both by market weakness, but also the temporary challenges we've been having with the supply chain planning solution in the ERP rollout in business area Europe. We do expect more favorable market dynamics going forward, and I'll come back to that in a little while. I also would like to remind you that we are advancing our Evolve Growth Strategy by investing in the pilot plan in the US to develop this property technology we've been talking about, which is aimed at producing low CO2 metals, and first focus being on ferrochrome and high chromium content. C-PAM and tariffs are now the two elements that we see changing the import picture both in North America and Europe. So on ...