Ioannis Masvoulas's questions to Outokumpu Oyj (OUTKY) leadership • Q1 2024
Question
Ioannis Masvoulas asked about the main priorities for the incoming leadership team and requested clarification on the Q2 guidance, specifically the negative raw material effects expected despite rising nickel prices.
Answer
CEO Heikki Malinen outlined that priorities for the new leadership will be navigating the current tough economic period with strong cost control, followed by focusing on Phase 3 capital allocation for long-term returns while maintaining the dividend policy. CFO Pia Aaltonen-Forsell added the critical importance of preserving the strong balance sheet. Regarding the Q2 guidance, Aaltonen-Forsell explained that the negative raw material impact was more related to Ferrochrome than nickel and elaborated on the company's conservative hedging policy.