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Outokumpu Oyj (OUT1V.HE)

OUT1V.HE on Helsinki Stock Exchange

8.10EUR
18 Aug 2017
Change (% chg)

€-0.04 (-0.49%)
Prev Close
€8.14
Open
€8.01
Day's High
€8.11
Day's Low
€8.01
Volume
3,680,328
Avg. Vol
5,236,609
52-wk High
€10.45
52-wk Low
€4.88

Latest Key Developments (Source: Significant Developments)

Outokumpu Q2 underlying EBITDA EUR 199 million, below expectations
Tuesday, 25 Jul 2017 05:00am EDT 

July 25 (Reuters) - OUTOKUMPU OYJ :OUTOKUMPU - SOLID PROFITABILITY DESPITE FERROCHROME PRODUCTION CHALLENGES, GROUP ADJUSTED EBITDA AT EUR 199 MILLION .OUTOKUMPU OYJ - ‍EXPECTS BUSINESS AREA EUROPE'S AND LONG PRODUCTS' STAINLESS STEEL DELIVERIES TO DECREASE IN Q3​.Q2 NET SALES EUR ‍1​.66 BILLION (REUTERS POLL EUR 1.73 BILLION).OUTOKUMPU OYJ - ‍THERE IS MARKET PRESSURE TOWARDS DECREASING BASE PRICES IN BOTH EUROPE AND US​.UNDERLYING STAINLESS STEEL DEMAND IS EXPECTED TO REMAIN HEALTHY IN BOTH EUROPE AND US..IN Q3, TYPICAL SEASONAL SLOWDOWN IS FORECASTED TO HAVE A NEGATIVE IMPACT ON APPARENT STAINLESS STEEL CONSUMPTION..Q2 UNDERLYING EBITDA EUR 199 MILLION (REUTERS POLL EUR 204 MILLION).OUTOKUMPU - ‍LOWER FERROCHROME CONTRACT PRICE AND LOW DELIVERY VOLUMES ARE EXPECTED TO HAVE A SIGNIFICANT NEGATIVE IMPACT ON Q3 EARNINGS​."‍THERE IS MARKET PRESSURE TOWARDS DECREASING BASE PRICES IN BOTH EUROPE AND US."​.EXPECTS BUSINESS AREA EUROPE'S AND LONG PRODUCTS' STAINLESS STEEL DELIVERIES TO DECREASE IN Q3.‍IN Q3, TYPICAL SEASONAL SLOWDOWN IS FORECASTED TO HAVE A NEGATIVE IMPACT ON APPARENT STAINLESS STEEL CONSUMPTION​.‍LOWER FERROCHROME CONTRACT PRICE AND LOW DELIVERY VOLUMES ARE EXPECTED TO HAVE A SIGNIFICANT NEGATIVE IMPACT ON THIRD-QUARTER EARNINGS.​.Q2 UNDERLYING EBIT EUR 145 MILLION (REUTERS POLL: EUR 147 MILLION).IN AMERICAS, DELIVERIES IN Q3 ARE EXPECTED TO REMAIN RELATIVELY FLAT COMPARED TO Q2.‍EXPECTS SIGNIFICANTLY LOWER THIRD-QUARTER ADJUSTED EBITDA COMPARED TO PREVIOUS QUARTER​.  Full Article

Outokumpu expects now Q2 adjusted EBITDA at about EUR 200 mln
Thursday, 13 Jul 2017 09:30am EDT 

July 13 (Reuters) - OUTOKUMPU OYJ ::OUTOKUMPU REVISES ITS SECOND QUARTER OUTLOOK: ADJUSTED EBITDA EXPECTED TO BE APPROXIMATELY EUR 200 MILLION.‍EXPECTS ITS SECOND-QUARTER ADJUSTED EBITDA TO BE APPROXIMATELY EUR 200 MILLION​.‍EXPECTED ITS SECOND-QUARTER ADJUSTED EBITDA TO BE SOMEWHAT LOWER THAN IN Q1 OF 2017​.‍SECOND-QUARTER EARNINGS WERE NEGATIVELY IMPACTED MAINLY BY LOW FERROCHROME PRODUCTION VOLUMES AND DELIVERIES​.CHANGE IN OUTLOOK IS ALSO A RESULT OF TIMING IMPACTS DUE TO DECLINED RAW MATERIAL PRICES.SAYS ‍EXPECTS HEALTHY UNDERLYING STAINLESS STEEL DEMAND TO CONTINUE​.SHARES DOWN C3 PERCENT.  Full Article

Outokumpu stainless steel innovations granted European patents
Tuesday, 23 May 2017 05:30am EDT 

May 23 (Reuters) - OUTOKUMPU OYJ ::OUTOKUMPU STAINLESS STEEL INNOVATIONS GRANTED EUROPEAN PATENTS .HIGH-CHROMIUM FERRITIC STAINLESS STEEL GRADE CORE 4622 AND HIGH-CHROMIUM AUSTENITIC STAINLESS STEEL GRADE SUPRA 316PLUS HAVE BEEN GRANTED EUROPEAN PATENTS IN MARCH 2017..  Full Article

Outokumpu: Moody’s upgrades issuer corporate family rating to B2
Monday, 22 May 2017 08:30am EDT 

May 22 (Reuters) - OUTOKUMPU OYJ :MOODY’S UPGRADES OUTOKUMPU’S ISSUER CORPORATE FAMILY RATING TO B2 .MOODY'S HAS UPGRADED OUTOKUMPU'S ISSUER CORPORATE FAMILY RATING TO B2 FROM PREVIOUS RATING OF B3 AND PROBABILITY DEFAULT RATING TO B2-PD FROM PREVIOUS B3-PD.MOODY'S HAS ALSO UPGRADED RATINGS FOR OUTOKUMPU'S SENIOR SECURED NOTES, DUE 2019 AND 2021, TO B1 FROM PREVIOUS RATING OF B2."WE HAVE SET A TARGET TO REDUCE OUR NET DEBT TO BELOW 1.1 BILLION EURO BY END OF THIS YEAR".OUTLOOK ON RATINGS IS POSITIVE.  Full Article

Outokumpu provides stainless steel to Swedish Steel Yachts
Monday, 15 May 2017 03:00am EDT 

May 15 (Reuters) - OUTOKUMPU OYJ :PROVIDED FORTA SUPER DUPLEX STAINLESS STEEL FOR A PROTOTYPE OF AN OFFSHORE PATROL VESSEL MADE BY SWEDISH SHIP MAKER SWEDISH STEEL YACHTS AB.  Full Article

Outokumpu: voluntary redemption of EUR 250 mln senior secured notes due 2021
Wednesday, 10 May 2017 02:30am EDT 

May 10 (Reuters) - OUTOKUMPU OYJ :OUTOKUMPU’S MEUR 250 SENIOR SECURED NOTES DUE 2021 – VOLUNTARY PARTIAL REDEMPTION .ANNOUNCED TODAY VOLUNTARY REDEMPTION OF EUR 25 MILLION RELATED TO ITS OUTSTANDING EUR 250 MILLION SENIOR SECURED NOTES DUE 2021 WITH 7.25% INTEREST RATE.SAYS REDEMPTION OF NOTES WILL REDUCE INTEREST COSTS.CONSIDERS OVERALL FINANCIAL IMPACT OF REDEMPTION OF NOTES TO BE INSIGNIFICANT TO GROUP..  Full Article

Outokumpu supplies stainless steel for innovative skyscraper in Shenzhen
Wednesday, 3 May 2017 03:00am EDT 

May 3 (Reuters) - OUTOKUMPU OYJ :OUTOKUMPU SUPPLIES STAINLESS STEEL FOR CHINA RESOURCES’ INNOVATIVE SKYSCRAPER IN SHENZHEN.  Full Article

Outokumpu divests surplus land in Sheffield, UK
Tuesday, 2 May 2017 10:30am EDT 

May 2 (Reuters) - OUTOKUMPU OYJ ::OUTOKUMPU DIVESTS SURPLUS LAND IN SHEFFIELD, UK.HAS SOLD 48 ACRES OF SURPLUS LAND IN SHEFFIELD, UK TO A UK-BASED DEVELOPER PEEL LOGISTICS PROPERTY.CASH CONSIDERATION IS APPROXIMATELY 10 MILLION EURO.CASH CONSIDERATION IS APPROXIMATELY 10 MILLION EURO, AND TRANSACTION REDUCES OUTOKUMPU'S NET DEBT BY APPROXIMATELY SAME AMOUNT.DOES NOT CONSIDER FINANCIAL IMPACT OF TRANSACTION TO BE MATERIAL, AND REPORTS IT AS AN ADJUSTMENT IN ITS SECOND-QUARTER 2017 RESULTS.  Full Article

Outokumpu Q1 underlying EBIT EUR 238 million, beats expectations
Thursday, 27 Apr 2017 05:00am EDT 

April 27 (Reuters) - Outokumpu Oyj ::STRONG START TO THE YEAR, GROUP ADJUSTED EBITDA AT EUR 294 MILLION.Q1 UNDERLYING EBITDA EUR 294 MILLION (REUTERS POLL EUR 261 MILLION).OUTOKUMPU OYJ - UNDERLYING STAINLESS STEEL DEMAND IS EXPECTED TO REMAIN ROBUST IN BOTH EUROPE AND US IN Q2.Q1 UNDERLYING EBIT EUR 238 MILLION (REUTERS POLL: EUR 203 MILLION).OUTOKUMPU OYJ - OUTOKUMPU'S SECOND-QUARTER STAINLESS STEEL DELIVERIES OF BOTH BUSINESS AREA EUROPE AND AMERICAS ARE EXPECTED TO REMAIN AT SAME LEVEL AS IN Q1.EXPECTS ITS SECOND-QUARTER ADJUSTED EBITDA TO BE SOMEWHAT LOWER THAN IN Q1 OF 2017..OUTOKUMPU OYJ - OUTOKUMPU EXPECTS ITS SECOND-QUARTER ADJUSTED EBITDA TO BE SOMEWHAT LOWER THAN IN Q1 OF 2017..CEO SAYS ALL BUSINESS AREAS DELIVERED BLACK NUMBERS.SHARES RISE PERCENT 4.5 AFTER Q1 REPORT.Q1 SALES EUR 1.76 BILLION (REUTERS POLL EUR 1.73 BILLION).SAYS BUSINESS AREA'S DELIVERIES INCREASED BY 50% AS A RESULT OF STRONG DEMAND BOTH IN EUROPE AND US MARKET.IN AMERICAS, ADJUSTED EBITDA IMPROVED BY OVER EUR 60 MILLION TO EUR 29 MILLION.EUROPE'S ADJUSTED EBITDA MORE THAN TRIPLED TO EUR 257 MILLION.SOLID PERFORMANCE OF GROUP WAS FURTHER SUPPORTED BY LONG PRODUCTS.  Full Article

Outokumpu and Sidenor to partner in sales of Prodec high machinability
Wednesday, 22 Mar 2017 04:00am EDT 

Outokumpu Oyj : Outokumpu and Sidenor to partner in sales of Prodec high machinability . Outokumpu and Sidenor announce partnership to jointly market Prodec high machinability bar in Europe . Sidenor will produce and distribute hot rolled round peeled bars using Outokumpu’s Prodec treated feedstock material .Through partnership Outokumpu and Sidenor will together be able to offer Prodec round bar in complete size range 6mm to 350mm.  Full Article

BRIEF-Tieto continues as supplier of Outokumpu IT infrastructure services

* TIETO CONTINUES AS A SUPPLIER OF OUTOKUMPU’S IT INFRASTRUCTURE SERVICES