Nov 4 (Reuters) - Outokumpu Oyj OUT1V.HE :
* OUTOKUMPU INTERIM REPORT JANUARY-SEPTEMBER 2021: REALIZED PRICES FOR STAINLESS STEEL INCREASED AND Q3 ADJUSTED EBITDA ROSE TO EUR 295 MILLION
* Q3 STAINLESS STEEL DELIVERIES WERE 575,000 TONNES (488,000 TONNES)1.
* Q3 ADJUSTED. EBITDA EUR 295 MILLION VERSUS EUR 22 MILLION YEAR AGO
* SALES INCREASED SIGNIFICANTLY IN Q3 OF 2021 COMPARED TO PREVIOUS YEAR AND AMOUNTED TO EUR 1,949 MILLION (EUR 1,254 MILLION).
* STAINLESS STEEL DELIVERIES GREW BY 18% FROM REFERENCE PERIOD, WHICH WAS NEGATIVELY IMPACTED BY GLOBAL COVID-19 PANDEMIC
* INCREASED REALIZED PRICES FOR STAINLESS STEEL IN BOTH EUROPE AND AMERICAS AS WELL AS HIGHER FERROCHROME SALES PRICE.
* HIGHER ENERGY AND CONSUMABLE PRICES, BURDENED RESULT.
* RAW MATERIAL-RELATED INVENTORY AND METAL DERIVATIVE GAINS INCREASED AND AMOUNTED TO EUR 22 MILLION (GAINS OF EUR 3 MILLION)
* PROFITABILITY WAS ALSO POSITIVELY IMPACTED BY INCREASED FERROCHROME SALES PRICE
* STAINLESS STEEL DELIVERIES DECREASED BY 8% FROM Q2, WHICH IS IN LINE WITH EXPECTED SEASONAL PATTERN.
* FERROCHROME OPERATIONS PERFORMED WELL, CONTRIBUTING EUR 64 MILLION TO GROUP'S ADJUSTED EBITDA
* STAINLESS STEEL DELIVERIES IN Q4 ARE EXPECTED TO REMAIN AT A SIMILAR LEVEL COMPARED TO Q3.
* EUROPEAN FERROCHROME BENCHMARK PRICE INCREASED TO USD 1.80/LB FOR Q4.
* HIGHER STAINLESS STEEL PRICES ARE REFLECTED IN ALREADY RECEIVED ORDERS
* ADJUSTED EBITDA IN Q4 OF 2021 IS EXPECTED TO BE HIGHER COMPARED TO Q3.
Source text for Eikon: ID:nWkrb331kM Further company coverage: OUT1V.HE
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