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Outokumpu Oyj reported robust Q3 2021 results, with sales soaring to EUR 1,949 million from EUR 1,254 million in Q3 2020. Adjusted EBITDA surged to EUR 295 million, a significant increase from EUR 22 million. For January-September 2021, sales reached EUR 5,495 million, up from EUR 4,289 million, while net result improved to EUR 394 million, reversing a loss of EUR 78 million from the previous year. Net debt fell to EUR 749 million, with gearing decreasing to 24.6%. Continued high demand, particularly in Europe and the Americas, supported these positive financial outcomes.
On November 4, 2021, Outokumpu Oyj announced it will redeem all its outstanding 4.125% rated senior secured fixed rate notes due in 2024, totaling EUR 250 million. The redemption will occur on December 7, 2021, with a redemption price of 101.0313% of the principal amount plus accrued interest. This action will be financed through existing liquidity reserves, highlighting the company's financial stability and commitment to managing its debt effectively.
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