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Outokumpu Oyj (OUT1V.HE)

OUT1V.HE on Helsinki Stock Exchange

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11:59am EDT
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Latest Key Developments (Source: Significant Developments)

Outokumpu: Prodec To Be Distributed By IMS In Europe
Monday, 12 Feb 2018 03:00am EST 

Feb 12 (Reuters) - OUTOKUMPU OYJ ::OUTOKUMPU PRODEC HIGH MACHINABILITY BAR TO BE DISTRIBUTED BY IMS IN EUROPE.‍IMS WILL ACT AS EXCLUSIVE DISTRIBUTOR OF PRODEC HIGH MACHINABILITY ROUND BARS IN KEY EUROPEAN COUNTRIES​.  Full Article

SBM Offshore To Appoint Roeland Baan And Bernard Bajolet As Members Of Supervisory Board​
Thursday, 8 Feb 2018 01:08am EST 

Feb 8 (Reuters) - SBM OFFSHORE NV ::‍IT WILL BE PROPOSED TO APPOINT ROELAND BAAN AND BERNARD BAJOLET AS MEMBERS OF SUPERVISORY BOARD​.‍ROELAND BAAN IS PRESIDENT AND CEO OF OUTOKUMPU (A GLOBAL STAINLESS STEEL PRODUCER)​.  Full Article

Outokumpu Q4 Underlying EBITDA Below Expectations At EUR 82 Million
Wednesday, 31 Jan 2018 05:00am EST 

Jan 31 (Reuters) - OUTOKUMPU OYJ ::OUTOKUMPU – SIGNIFICANT IMPROVEMENT IN 2017, FULL-YEAR ADJUSTED EBITDA MORE THAN DOUBLED TO EUR 631 MILLION.Q4 UNDERLYING EBITDA EUR ‍82​ MILLION (REUTERS POLL EUR 131 MILLION).‍BOARD OF DIRECTORS PROPOSES A DIVIDEND OF EUR 0.25 PER SHARE FOR 2017​.PROPOSES A DIVIDEND OF EUR ‍0.25​ PER SHARE FOR FY 2017 (REUTERS POLL: EUR 0.23).Q4 NET SALES EUR ‍1.47​ BILLION (REUTERS POLL EUR 1.60 BILLION)." ‍SOME UNEXPECTED EXTERNAL FACTORS STRAINING AMERICAS' PROFITABILITY IN H1"​.EXPECTS ITS FIRST-QUARTER 2018 ADJUSTED EBITDA TO BE HIGHER COMPARED TO PREVIOUS QUARTER (IV/17: EUR 82 MILLION)."‍ONE OF OUR KEY TARGETS FOR 2018 IS TO ENHANCE RELIABILITY OF ALL OUR OPERATIONS THROUGHOUT WHOLE VALUE CHAIN" CEO SAYS​.‍EXPECTS ITS FIRST-QUARTER ADJUSTED EBITDA TO BE HIGHER COMPARED TO PREVIOUS QUARTER​.‍EXPECTS HIGHER STAINLESS STEEL DELIVERIES IN Q1 COMPARED TO Q4 OF 2017.​.‍INCREASED GRAPHITE ELECTRODE, FERROSILICON AND ENERGY COSTS, ARE EXPECTED TO HAVE A NEGATIVE IMPACT ON PROFITABILITY.​.  Full Article

Outokumpu Signs Amendment Of Its Syndicated Revolving Credit Facility
Friday, 22 Dec 2017 08:00am EST 

Dec 22 (Reuters) - Outokumpu Oyj ::OUTOKUMPU SIGNS AMENDMENT AND EXTENSION OF ITS SYNDICATED REVOLVING CREDIT FACILITY AND HAS AGREED PARTIAL SECURITY RELEASE WITH KEY LENDERS.- ‍RESTATED FACILITY OF EUR 650 MILLION HAS ITS MATURITY IN MAY 2021 WITH AN OPTION TO EXTEND MATURITY BY ONE YEAR​.IN CONNECTION WITH AMENDMENT, CO HAS CANCELLED BILATERAL CREDIT FACILITY OF EUR 30 MILLION WHICH HAD ITS MATURITY ON FEB 2019.  Full Article

Outokumpu announces long-term targets
Tuesday, 14 Nov 2017 06:00am EST 

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 02:00am EST 

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 02:00am EST 

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 09:30am EST 

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 03:03am EDT 

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 05:00am EDT 

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

Stainless steel maker Outokumpu confident on EU safeguard measures

HELSINKI, May 22 Finland's Outokumpu, one of the world's largest makers of stainless steel, believes the European Commission will come up with safeguard measures next month to protect the industry, its chief executive said.