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Outokumpu Oyj (OUT1V.HE)

OUT1V.HE on Helsinki Stock Exchange

7.55EUR
13 Dec 2017
Change (% chg)

€-0.01 (-0.13%)
Prev Close
€7.55
Open
€7.57
Day's High
€7.64
Day's Low
€7.51
Volume
2,094,624
Avg. Vol
3,485,012
52-wk High
€10.45
52-wk Low
€6.46

Latest Key Developments (Source: Significant Developments)

Outokumpu announces long-term targets
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - OUTOKUMPU OYJ ::‍2020 PROFITABILITY TARGET - EBIT OF EUR 500 MILLION - HAS BEEN REVISED​.‍CORRESPONDING ADJUSTED EBITDA TARGET IS EUR 750 MILLION IN 2020​.‍INVESTS APPROXIMATELY EUR 250 MILLION IN KEMI MINE EXPANSION DURING 2017-2020​.‍IS INVESTING APPROXIMATELY EUR 100 MILLION BY 2020 IN BUSINESS TRANSFORMATION PROJECT CHORUS​.‍UPDATES ITS CAPITAL EXPENDITURE GUIDANCE FOR UPCOMING YEARS​.‍ANNUAL CAPITAL EXPENDITURE IS EXPECTED TO REMAIN STABLE, SLIGHTLY ABOVE EUR 200 MILLION LEVEL UNTIL 2020​.‍CAPITAL EXPENDITURE IN 2017 IS EXPECTED TO BE APPROXIMATELY EUR 180 MILLION​.‍EARLIER OUTOKUMPU EXPECTED ANNUAL CAPITAL EXPENDITURE TO BE BETWEEN EUR 150-200 MILLION OVER COMING YEARS​.‍TARGETS TO HALVE INTEREST EXPENSES BY 2020​.  Full Article

Outokumpu changes its segment structure
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - OUTOKUMPU OYJ ::OUTOKUMPU OYJ - ‍WILL CHANGE ITS SEGMENT STRUCTURE AS OF JANUARY 1, 2018​.OUTOKUMPU OYJ - ‍SEPARATING FERROCHROME OPERATIONS FROM BUSINESS AREA EUROPE AS A NEW REPORTABLE SEGMENT​.OUTOKUMPU OYJ - ‍NEW STRUCTURE, OUTOKUMPU WILL HAVE FOUR REPORTABLE SEGMENTS - EUROPE, AMERICAS, LONG PRODUCTS AND FERROCHROME​.  Full Article

Outokumpu with partial redemption of rated senior fixed rate notes due 2021
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - OUTOKUMPU – : :VOLUNTARY PARTIAL REDEMPTION OF RATED SENIOR SECURED FIXED RATE NOTES DUE 2021 .‍TOTAL NOMINAL AMOUNT OF NOTES IS EUR 225 MILLION.​.  Full Article

Moody’s upgrades Outokumpu’s issuer corporate family rating to B1
Monday, 6 Nov 2017 

Nov 6 (Reuters) - OUTOKUMPU OYJ ::OUTOKUMPU – MOODY’S UPGRADES OUTOKUMPU’S ISSUER CORPORATE FAMILY RATING TO B1 <<>>.‍MOODY'S HAS UPGRADED OUTOKUMPU'S ISSUER CORPORATE FAMILY RATING TO B1 FROM PREVIOUS RATING OF B2​.‍MOODY'S HAS UPGRADED RATINGS FOR OUTOKUMPU'S SENIOR SECURED NOTES TO BA3 FROM PREVIOUS RATING OF B1​.SAYS ‍OUTLOOK OF ALL RATINGS IS STABLE.​.  Full Article

Outokumpu: premature redemption of senior secured fixed rate
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - OUTOKUMPU OYJ :OUTOKUMPU ANNOUNCES PREMATURE REDEMPTION OF SENIOR SECURED FIXED RATE NOTES DUE 2019.OUTOKUMPU - ‍WILL EXERCISE RIGHT TO REDEEM PREMATURELY OUTSTANDING 6.625% SENIOR SECURED FIXED RATE NOTES DUE SEPTEMBER 30, 2019​.OUTOKUMPU OYJ - ‍TOTAL NOMINAL AMOUNT OF NOTES IS EUR 250 MILLION​.OUTOKUMPU OYJ - ‍WILL PAY HOLDERS OF NOTES A REDEMPTION PRICE EQUAL TO 103.313%​.  Full Article

Outokumpu adj. EBITDA at EUR 56 mln, below expectations
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - OUTOKUMPU ::THIRD-QUARTER EARNINGS BURDENED BY RAW MATERIAL-RELATED LOSSES. GROUP ADJUSTED EBITDA AT EUR 56 MILLION .Q3 UNDERLYING EBITDA EUR ‍56​ MILLION (REUTERS POLL EUR 98.1 MILLION).Q3 NET SALES EUR ‍1.48​ BILLION (REUTERS POLL EUR 1.52 BILLION).‍UNDERLYING STAINLESS STEEL DEMAND IS EXPECTED TO REMAIN HEALTHY IN BOTH EUROPE AND US IN Q4​.‍EXPECTS ITS FOURTH-QUARTER ADJUSTED EBITDA TO BE HIGHER COMPARED TO PREVIOUS QUARTER​."‍THIRD-PARTY SUPPLIER PRODUCTION ISSUES IN AMERICAS HAD A NOTABLE NEGATIVE IMPACT ON PROFITABILITY"​.‍"DURING FINAL QUARTER OF YEAR, WE EXPECT IMPROVING PROFITABILITY"​.  Full Article

Outokumpu Q2 underlying EBIT loss narrows more than expected
Tuesday, 26 Jul 2016 

Outokumpu Oyj : Q2 sales 1.38 billion euros ($1.52 billion) versus Reuters poll 1.46 billion euros . Q2 underlying EBIT loss 5 million euros (Reuters poll loss 12.9 million euros) . Expects sequentially flat delivery volumes for Q3 . Says ferrochrome operations will be impacted by major maintenance work during Q3 . Expects underlying EBIT to turn positive in Q3 .CEO: "While we still have a long way to go to realize our full potential, I am encouraged by the momentum and convinced of our ability to reach our vision and target of 500 million euro EBIT in 2020.  Full Article

Outokumpu's rebar chosen for cryogenic LNG project in Netherlands
Friday, 10 Jun 2016 

Outokumpu Oyj : Outokumpu rebar chosen for cryogenic LNG project in the Netherlands .Stainless steel rebar produced by Outokumpu is being used to reinforce a spill basin at new LNG gate terminal on Rotterdam's North Sea coast.  Full Article

Outokumpu to issue EUR 250 million bond
Friday, 10 Jun 2016 

Outokumpu Oyj : Said on Thursday intends to issue 250 million euros ($282.43 million) senior secured bond . Issue to be targeted mainly to institutional investors . Bond to mature on June 16, 2021 and to carry fixed coupon interest rate of 7.25 percent per annum, payable semi-annually . Bond is callable before its final maturity .Proceeds to be used primarily for prepayment of financial indebtedness.  Full Article

Outokumpu considers issuance of EUR 200 mln bond
Monday, 6 Jun 2016 

Outokumpu Oyj : Considers the issuance of a new bond . Target size of issue is about 200 million euros ($227.02 million) . Proceeds intended to be used primarily for prepayment of financial indebtedness . Potential issue is expected to take place in near future subject to market conditions .Danske Bank A/S and Nordea Bank Finland Plc act as coordinators and lead managers for bond issue.  Full Article

Stainless steel firm VDM Metals put up for sale -source

FRANKFURT, Dec 13 Buyout group Lindsay Goldberg Vogel has put stainless steel group VDM Metals up for sale after receiving expressions of interest from several companies, a person close to the matter said.