Outokumpu returns to profit in the second quarter of 2026 on the back of higher shipments and improved performance in Europe

Finnish stainless steel manufacturer Outokumpu announced that its sales revenue increased 6.5 percent year-on-year to €1.58 billion in the second quarter of 2026, while adjusted EBITDA increased 33.3 percent to €100 million, mainly due to improved performance in Europe and continued strong results in North America. and South America.

During the quarter, the company recorded a net profit of €25 million, compared with a net loss of €19 million in the same quarter of 2025, while its operating profit was €38 million, an improvement from an operating loss of €21 million.

Outokumpu stainless steel shipments increased by five percent quarter-on-quarter and one percent year-on-year to 488,000 tons. Ferrochrome shipments increased by four percent quarter-on-quarter and 12.9 percent year-on-year to 114,000 tons, driven by sustained demand for low-emission European ferrochrome.

In the first half of 2026, Outokumpu's sales revenue grew 0.8 percent year-on-year to €3.03 billion, while adjusted EBITDA increased by 32.3 percent to €164 million. The company made a net profit of €18 million, compared with a net loss of €37 million for the corresponding period in 2025. Stainless steel supplies remained stable at 953,000 tons, while ferrochrome supplies increased by 13.7 percent to 224,000 tons.

Meanwhile, as part of its development strategy, Outokumpu will launch an investment program at its Avesta plant in Sweden to expand