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Outokumpu Oyj (OUT1V.HE)

OUT1V.HE on Helsinki Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Outokumpu Oyj gets EUR 23 million insurance compensation
Wednesday, 30 Mar 2016 02:15am EDT 

Outokumpu Oyj:Receives 23 million euro insurance compensation related to its Calvert mill.Gain will be excluded from underlying EBIT.  Full Article

Outokumpu names Christoph de la Camp new CFO
Wednesday, 30 Mar 2016 02:00am EDT 

Outokumpu Oyj:Appoints Christoph de la Camp as Chief Financial Officer and member of the Outokumpu Leadership Team as of July 1, 2016.Christoph de la Camp takes on the role from Reinhard Florey.  Full Article

Outokumpu obtains credit rating from Moody’s
Tuesday, 29 Mar 2016 09:05am EDT 

Outokumpu Oyj:Obtains credit rating from Moody's.Moody's assigned Outokumpu Oyj a first time issuer corporate family rating (CFR) of B3 and B3-PD probability default rating (PDR).  Full Article

Outokumpu files antidumping and countervailing duty petitions in US
Friday, 12 Feb 2016 11:55am EST 

Outokumpu Oyj:Filed antidumping and countervailing duty petitions against Chinese importers together with other American stainless steel producers.Entire investigative process is expected to be ready in Q1 2017.  Full Article

Outokumpu sees Q1​ 2016 underlying EBIT to be negative
Thursday, 11 Feb 2016 02:00am EST 

Outokumpu Oyj:Sees ‍group's underlying EBIT to be still negative in Q1​ 2016.  Full Article

Outokumpu Oyj divests remaining share of SKS
Tuesday, 2 Feb 2016 01:30am EST 

Outokumpu Oyj:‍Is entitled to sell remaining 5 percent share in Shanghai Krupp Stainless Co., Ltd.‍Records divestment in Q4 of 2015 with an estimated value of 62 million euros.  Full Article

Outokumpu Oyj: Jorma Ollila would be re-elected as Chairman​
Thursday, 28 Jan 2016 03:00am EST 

Outokumpu Oyj:Jorma Ollila would be re-elected as Chairman​.  Full Article

Outokumpu CFO Reinhard Florey to leave
Tuesday, 19 Jan 2016 09:20am EST 

Outokumpu Oyj:Chief Financial Officer Reinhard Florey has decided to leave Outokumpu.Florey will start in his new position latest on Aug. 1 and continues as CFO of Outokumpu until then.  Full Article

Outokumpu Oyj completes divestment of Fischer Mexicana
Tuesday, 15 Dec 2015 05:45am EST 

Outokumpu Oyj:Says has completed the divestment of its share in Fischer Mexicana joint venture that was announced on Sept. 30, 2015.Says in the transaction, Outokumpu divested its 50 pct stake of the joint venture to F.E.R. Fischer Edelstahlrohre GmbH for $63 million.  Full Article

Outokumpu completes the divestment of 55 pct share in SKS
Thursday, 10 Dec 2015 03:30am EST 

Outokumpu Oyj:Has completed the transaction regarding Shanghai Krupp Stainless Co., Ltd (SKS) in China that was announced on Oct. 19, 2015.Transaction cash value of the divestment is about 370 million euros, with net cash proceeds of about 350 million euros.  Full Article

UPDATE 1-Finland's Outokumpu announces job cuts and bold profit targets

* Shares rise 7 pct (Adds analyst comment, share reaction, background)