The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Anssi Raussi - SEB, Research Division - Analyst
: I have a few questions and I go one by one. So first of all, back to this, Pia's a favorite topic of normalized EBITDA. So do you still think that we are
in the middle of like somehow exceptional market conditions, as you reminded about this one. And of course, you generated over EUR 200 million
of EBITDA in the first quarter. That's the first one.
Question: Anssi Raussi - SEB, Research Division - Analyst
: Okay. I understand. And then about Ferrochrome division. So in Q2, should we expect so-called normal quarter in terms of external sales volumes
and costs. Like have you been running this business normally since the beginning of April? Or have you been gradually ramping up the business?
Question: Anssi Raussi - SEB, Research Division - Analyst
: Okay. Understood. And then about -- just a quick one on lead times. So what kind of lead times you have in Europe and Americas?
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MAY 09, 2023 / 12:00PM, OUT1V.HE - Q1 2023 Outokumpu Oyj Earnings Call
Question: Maxime Kogge - ODDO BHF Corporate & Markets, Research Division - Analyst
: So first general question about your guidance for Q2. It seems to be quite shy because you're guiding for similar or better EBITDA, but what you
show is that in ferrochrome, you will have a much better EBITDA given that you will benefit from higher prices and higher volumes. And regarding
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MAY 09, 2023 / 12:00PM, OUT1V.HE - Q1 2023 Outokumpu Oyj Earnings Call
stainless steel activity, I think that there are also a number of tailwinds like lower raw material adjustments, similar shipments, perhaps further raw
material cost savings. So I mean, yes, can you specify a little bit what you expect for stainless steel if we look at isolated from ferrochrome? Could
it be lower Or will it be also at stable versus Q1? That's my first question.
Question: Maxime Kogge - ODDO BHF Corporate & Markets, Research Division - Analyst
: Okay. Thank you for that. And perhaps can you give more color on regional trends for volumes. I know you do give some color usually given that
the destocking wave is not yet over in the U.S. Should we expect volume in the U.S. perhaps to go down a little build while those in Europe might
go up a little bit versus Q2 versus Q1, sorry, in Q2?
Question: Maxime Kogge - ODDO BHF Corporate & Markets, Research Division - Analyst
: Okay. Perhaps a last one, you announced in March that your intention to launch a metal powder business. Could you give us a very, very broad
term sense of startup and start-up cost and CapEx? And what could be the potential contribution from this activity going forward in terms of sales
and EBITDA.
Question: Maxime Kogge - ODDO BHF Corporate & Markets, Research Division - Analyst
: Yes. Sorry, just a follow-up on your Q2 guidance, when you're writing that the business area of ferrochrome is preparing for a maintenance break
in the third quarter, I mean, can you confirm that we will just have a working capital impact in Q2 and no cost whatsoever related to maintenance
in Q2. And I think you already answered that question, but can you confirm that there will be no major impact from maintenance in other divisions
in Q3, either?
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