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Outokumpu Oyj (OUT1V.HE)

OUT1V.HE on Helsinki Stock Exchange

3.55EUR
14 Dec 2018
Change (% chg)

€-0.06 (-1.77%)
Prev Close
€3.62
Open
€3.55
Day's High
€3.56
Day's Low
€3.47
Volume
3,883,609
Avg. Vol
3,173,570
52-wk High
€8.39
52-wk Low
€3.36

Latest Key Developments (Source: Significant Developments)

Outokumpu Aims For A EUR 270 Mln Profitability Improvement
Tuesday, 20 Nov 2018 

Nov 20 (Reuters) - Outokumpu Oyj ::REG-OUTOKUMPU CAPITAL MARKETS DAY – DELIVERING ON OUR PROMISES FOR 2020.OUTOKUMPU - IS AIMING FOR A EUR 270 MILLION PROFITABILITY IMPROVEMENT OUT OF WHICH EUR 160 MILLION WILL BE ACHIEVED THROUGH EFFICIENCY GAINS.SAYS NET DEBT REDUCTION REMAINS A KEY PRIORITY."WE ARE VERY CONFIDENT THAT WE WILL ACHIEVE NET DEBT TO ADJUSTED EBITDA RATIO OF BELOW 1.0 BY 2020.".REMAINING EUR 110 MILLION OF TARGETED PROFITABILITY IMPROVEMENT WILL BE ACHIEVED FROM COMMERCIAL GROWTH.  Full Article

Outokumpu Revises Its Q4 Outlook
Friday, 9 Nov 2018 

Nov 9 (Reuters) - Outokumpu Oyj ::REG-OUTOKUMPU RECEIVES AN INSURANCE COMPENSATION OF EUR 32 MILLION AND REVISES ITS FOURTH QUARTER OUTLOOK: ADJUSTED EBITDA IS EXPECTED TO BE HIGHER THAN IN THE FOURTH QUARTER OF 2017.REG-OUTOKUMPU RECEIVES AN INSURANCE COMPENSATION OF EUR 32 MILLION AND REVISES ITS FOURTH QUARTER OUTLOOK: ADJUSTED EBITDA IS EXPECTED TO BE HIGHER THAN IN THE FOURTH QUARTER OF 2017.REVISES ITS Q4 OUTLOOK.ADJUSTED EBITDA IS EXPECTED TO BE HIGHER THAN IN Q4 OF 2017.COMPLETED NEGOTIATIONS WITH INSURANCE COMPANIES ON PROPERTY DAMAGE AND BUSINESS INTERRUPTION AT TORNIO FERROCHROME PRODUCTION.INSURANCE COMPENSATION OF EUR 32 MILLION WHICH WILL BE BOOKED IN FOURTH-QUARTER FINANCIAL RESULTS.  Full Article

Outokumpu Q3 Adj. EBIT EUR 75 Mln, Above Estimates
Friday, 26 Oct 2018 

Oct 26 (Reuters) - Outokumpu Oyj ::REG-OUTOKUMPU – SOLID PERFORMANCE DESPITE CONTINUED MARKET UNCERTAINTIES, GROUP ADJUSTED EBITDA AT EUR 128 MILLION.Q3 ADJUSTED EBITDA EUR 128 MILLION (REUTERS POLL EUR 109 MILLION).Q3 NET SALES EUR 1.73 BILLION (REUTERS POLL EUR 1.76 BILLION).LOWER EUROPEAN BASE PRICES, HIGHER INPUT COSTS AND INCREASED TRUCK FREIGHT COST IN AMERICAS HAD A NEGATIVE IMPACT ON RESULT.IN AMERICAS HIGHER INPUT AND FREIGHT COSTS AS WELL AS HEAVY DISTRIBUTOR DESTOCKING BURDENED BUSINESS AREA'S PROFITABILITY.OVERALL UNCERTAINTY ON STAINLESS STEEL MARKETS IS EXPECTED TO CONTINUE.EXPECTS ITS FOURTH-QUARTER ADJUSTED EBITDA TO BE AT A SIMILAR LEVEL TO Q4 OF 2017 (Q4/17: EUR 82 MILLION).Q3 ADJUSTED EBIT EUR 75 MILLION (REUTERS POLL: EUR 57.5 MILLION).OVERALL UNCERTAINTY ON STAINLESS STEEL MARKETS IS EXPECTED TO CONTINUE.  Full Article

Outokumpu Q2 Underlying EBITDA EUR 136 Mln, In Line With Expectations
Tuesday, 24 Jul 2018 

July 24 (Reuters) - Outokumpu Oyj ::REG-OUTOKUMPU - GOOD PERFORMANCE IN AN ADVERSE ENVIRONMENT, GROUP ADJUSTED EBITDA AT EUR 136 MILLION SUPPORTED BY RECORD-HIGH STAINLESS STEEL DELIVERIES.Q2 UNDERLYING EBITDA EUR 136 MILLION (REUTERS POLL EUR 136 MILLION).IN LINE WITH MARKET, THIRD-QUARTER STAINLESS STEEL DELIVERIES ARE EXPECTED TO BE SEASONALLY LOWER IN BUSINESS AREA EUROPE AND TO REMAIN STABLE IN AMERICAS.SAYS LOWER EUROPEAN BASE PRICES, HIGHER INPUT COSTS AND STEEP INCREASES IN COST OF TRUCK FREIGHT IN AMERICAS LED TO DECREASED PROFITABILITY.IMPACTS OF US STEEL TARIFFS IMPLEMENTED IN EARLY MAY HAVE BEEN TWO-FOLD.EXPECTS ITS THIRD-QUARTER ADJUSTED EBITDA TO BE LOWER THAN IN Q2 (Q2/18: EUR 136 MILLION) BUT SIGNIFICANTLY HIGHER THAN IN Q3 OF 2017 (Q3/17: EUR 56 MILLION)..WITNESSED SURGING IMPORTS TO EUROPE RESULTING IN HEAVY PRICE PRESSURE.Q2 NET SALES EUR 1.88 BILLION (REUTERS POLL EUR 1.69 BILLION)."IN AMERICAS, BASE PRICES HAVE RISEN THROUGHOUT SPRING BENEFITING LOCAL MANUFACTURERS INCLUDING US".EXPECTS TO ACHIEVE NORMALIZED FERROCHROME PRODUCTION IN Q3.Q2 UNDERLYING EBIT EUR 86 MILLION (REUTERS POLL: EUR 82.5 MILLION).THIRD-QUARTER STAINLESS STEEL DELIVERIES ARE EXPECTED TO BE SEASONALLY LOWER IN BUSINESS AREA EUROPE.BASE PRICE PRESSURE CONTINUES IN EUROPE BUT NEGATIVE IMPACT OF THIS IS PARTLY OFFSET BY HIGHER BASE PRICES IN US.EXPECTS TO ACHIEVE NORMALIZED FERROCHROME PRODUCTION IN Q3..SHARES RISE 6.8 PERCENT AFTER Q2 RESULTS.  Full Article

Sandvik Divests Ownership In Joint Venture Fagersta Stainless
Tuesday, 15 May 2018 

May 15 (Reuters) - SANDVIK AB ::SANDVIK DIVESTS OWNERSHIP IN JOINT VENTURE FAGERSTA STAINLESS.SAYS IMPACT ON SANDVIK'S EARNINGS PER SHARE IS EXPECTED TO BE NEUTRAL..  Full Article

Outokumpu Acquires Fagersta Stainless Wire Rod Mill In Sweden
Tuesday, 15 May 2018 

Outokumpu Oyj ::OUTOKUMPU ACQUIRES FAGERSTA STAINLESS WIRE ROD MILL IN SWEDEN.OUTOKUMPU ACQUIRES FAGERSTA STAINLESS WIRE ROD MILL IN SWEDEN.FAGERSTA STAINLESS IS CURRENTLY A 50/50 JOINT VENTURE OWNED BY OUTOKUMPU AND SANDVIK MATERIALS TECHNOLOGY..OUTOKUMPU AND SANDVIK HAVE SIGNED AN AGREEMENT FOR OUTOKUMPU TO PURCHASE FULL OWNERSHIP OF FAGERSTA STAINLESS WIRE ROD MILL.CASH CONSIDERATION OF TRANSACTION IS EUR 18 MILLION..OWNERSHIP WILL INCREASE TO 90 PER CENT AT END OF JUNE 2018 AND TO 100 PER CENT AT END OF 2019.  Full Article

Outokumpu Says Antitrust Investigation In Germany Has Been Terminated
Tuesday, 15 May 2018 

May 15 (Reuters) - OUTOKUMPU OYJ ::OUTOKUMPU - ANTITRUST INVESTIGATION IN GERMANY HAS BEEN TERMINATED.HAS RECEIVED AN OFFICIAL NOTIFICATION FROM GERMAN FEDERAL CARTEL OFFICE STATING THAT INVESTIGATION AGAINST OUTOKUMPU NIROSTA GMBH HAS BEEN TERMINATED..  Full Article

Outokumpu To Start Repurchase Of Own Shares
Monday, 30 Apr 2018 

April 30 (Reuters) - OUTOKUMPU OYJ ::REG-OUTOKUMPU TO START THE REPURCHASE OF ITS OWN SHARES.SHARE REPURCHASES WILL COMMENCE ON MAY 2, 2018 AT EARLIEST.MAXIMUM NUMBER OF SHARES TO BE REPURCHASED IN ONE OR MORE INSTALMENTS IS 3,000,000.  Full Article

Outokumpu Underlying EBITDA Above Expectations At EUR 133 Million
Thursday, 26 Apr 2018 

April 26 (Reuters) - OUTOKUMPU OYJ ::REG-OUTOKUMPU - OPERATIONALLY SOLID FIRST QUARTER, GROUP ADJUSTED EBITDA AT EUR 133 MILLION.Q1 UNDERLYING EBITDA EUR 133 MILLION (REUTERS POLL EUR 127 MILLION).DEVELOPMENT IN AMERICAS WAS DISAPPOINTING DUE TO LOW REALIZED PRICING..Q1 NET SALES EUR 1.67 BILLION (REUTERS POLL EUR 1.65 BILLION).MAINTAINED NET DEBT LEVEL BELOW EUR 1.1 BILLION IN Q1..SAYS DEMAND FOR STAINLESS STEEL IS EXPECTED TO STAY AT HEALTHY LEVELS..Q2 STAINLESS STEEL DELIVERIES ARE EXPECTED TO BE RELATIVELY FLAT COMPARED TO Q1 IN ALL BUSINESS AREAS.BENEFITS FROM HIGHER FERROCHROME PRICE WILL BE PARTLY OFFSET BY A PLANNED MAINTENANCE SHUTDOWN OF ONE FERROCHROME FURNACE..OUTOKUMPU EXPECTS ITS SECOND-QUARTER ADJUSTED EBITDA TO BE AT A SIMILAR LEVEL TO Q1 (Q1/18: EUR 133 MILLION)..EXPECTS ITS SECOND-QUARTER ADJUSTED EBITDA TO BE AT A SIMILAR LEVEL TO Q1.IN EUROPE, HIGHER ASIAN IMPORTS ARE EXPECTED TO RESULT IN FURTHER PRESSURE ON BASE PRICES..PROFITABILITY DECLINED PRIMARILY DUE TO LOWER FERROCHROME PRICE AND LOWER REALIZED BASE PRICES IN BOTH EUROPE AND AMERICAS..SHARES FALL 8 PERCENT AFTER Q1 REPORT.  Full Article

Outokumpu And Böllinghaus Steel To Widen Partnership In Special Shapes Bar
Tuesday, 17 Apr 2018 

Outokumpu Oyj ::OUTOKUMPU AND BÖLLINGHAUS STEEL TO WIDEN PARTNERSHIP IN SPECIAL SHAPES BAR.BÖLLINGHAUS STEEL WILL ACT AS A REPRESENTATIVE FOR OUTOKUMPU COLD DRAWN HEXAGON AND SQUARE BARS IN GERMANY AND UK.  Full Article

Outokumpu steel plant in Finland hit by four radiation incidents since July - watchdog

OSLO, Oct 16 Outokumpu's Tornio facility in Finland, one of Europe's biggest steel plants, has suffered four radiation contamination incidents since July, the country's nuclear watchdog STUK said on Tuesday.