Outokumpu Oyj — Earnings Release 2021

Oct 12, 2021

Outokumpu’s third-quarter adjusted EBITDA higher than expected

Outokumpu’s third-quarter adjusted EBITDA higher than expected

Outokumpu Oyj
Inside information
October 12, 2021 at 9.00 am EEST

Outokumpu’s third-quarter adjusted EBITDA higher than expected

Realized prices for stainless steel have increased more than expected and
consequently Outokumpu’s adjusted EBITDA is expected to be higher compared to
the second quarter. The company is in line with its volume guidance as stainless
steel deliveries decreased by 8% compared to the second quarter. Outokumpu had
earlier expected its third-quarter adjusted EBITDA to be at a similar level
compared to the second quarter of 2021 (Q2/21: EUR 223 million).

Outokumpu will publish the January–September results on November 4, 2021 at
approximately 9.00 am EET.

For more information:

Linda Häkkilä, Head of Investor Relations, tel. +358 40 071 9669

Päivi Allenius, VP – Communications, tel. +358 40 753 7374

Outokumpu is the global leader in stainless steel. The foundation of our
business is our ability to tailor stainless steel into any form and for almost
any purpose. Stainless steel is sustainable, durable and designed to last
forever. Our customers use it to create civilization’s basic structures and its
most famous landmarks as well as products for households and various industries.
Outokumpu employs some 9,500 professionals in more than 30 countries, with
headquarters in Helsinki, Finland and shares listed in Nasdaq Helsinki.
www.outokumpu.com