Sign in

    Adahna Ekoku

    Research Analyst at Morgan Stanley

    Adahna Ekoku is an Equity Analyst at Morgan Stanley specializing in European metals and mining, with in-depth coverage of companies such as Befesa S.A. and Acerinox. Ekoku has issued investment calls including a reiterated Buy rating on Acerinox and has contributed to sector outlooks that have influenced institutional investor strategies. Since joining Morgan Stanley, Ekoku has participated in major industry conference calls and authored research reports, building on earlier career experience in equity research and sector analysis. Ekoku is recognized for analytical rigor and holds professional credentials required for securities research in Europe.

    Adahna Ekoku's questions to OUTOKUMPU OY /FI (OUTKY) leadership

    Adahna Ekoku's questions to OUTOKUMPU OY /FI (OUTKY) leadership • Q1 2025

    Question

    Adahna Ekoku from Morgan Stanley inquired about the Q2 shipment outlook across the U.S. and Europe, the performance of different end markets, and expectations for working capital in Q2 and the remainder of the year.

    Answer

    CFO Marc-Simon Schaar confirmed the 0% to 10% delivery growth guidance applies to both Europe and the Americas, but noted that underlying end-user demand remains subdued in both regions. CEO Kati ter Horst added that while future investments in European infrastructure and defense could provide a boost, the timing is uncertain. Regarding working capital, Schaar guided for a stable or somewhat reducing level in Q2 but did not provide guidance for the rest of the year.

    Ask Fintool Equity Research AI

    Adahna Ekoku's questions to OUTOKUMPU OY /FI (OUTKY) leadership • Q1 2025

    Question

    Inquired about the geographical split of the Q2 shipment growth guidance, the performance of various end markets in the US and Europe, and the outlook for working capital for Q2 and the remainder of the year.

    Answer

    The 0-10% shipment growth guidance for Q2 applies to both Europe and the Americas. End-user demand is viewed as subdued in both regions with no clear signs of improvement. For working capital, the expectation for Q2 is for it to be stable or somewhat reducing, with no guidance provided for the rest of the year.

    Ask Fintool Equity Research AI

    Adahna Ekoku's questions to OUTOKUMPU OY /FI (OUTKY) leadership • Q1 2025

    Question

    Adahna Ekoku from Morgan Stanley asked for clarification on the Q2 shipment outlook, specifically whether the expected increase would be similar across the U.S. and Europe. She also inquired about the performance of different end markets in those regions and the company's expectations for working capital in Q2 and for the remainder of the year.

    Answer

    CFO Marc-Simon Schaar confirmed the 0% to 10% Q2 delivery growth guidance applies to both Europe and the Americas, noting that underlying demand remains subdued in both regions. CEO Kati ter Horst added that while there is discussion of future infrastructure and defense investments in Europe, the timing is uncertain, and a significant market pickup has not yet materialized in the Americas. Regarding working capital, Schaar guided for a stable or somewhat reducing level in Q2 but declined to provide guidance for the rest of the year.

    Ask Fintool Equity Research AI

    Adahna Ekoku's questions to OUTOKUMPU OY /FI (OUTKY) leadership • Q1 2025

    Question

    Adahna Ekoku asked for a breakdown of the Q2 shipment growth outlook between the U.S. and Europe, commentary on end-market performance in both regions, and the company's expectations for working capital in Q2 and for the remainder of the year.

    Answer

    CFO Marc-Simon Schaar clarified that the 0% to 10% Q2 shipment growth guidance applies to both Europe and the Americas, noting that underlying demand remains subdued in both regions. CEO Kati ter Horst added that while there is discussion of future infrastructure and defense investments in Europe, the timing remains uncertain. Regarding financials, Schaar guided for stable or somewhat reducing net working capital in Q2 but declined to provide guidance for the rest of the year.

    Ask Fintool Equity Research AI