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Outokumpu Oyj (OUT1V.HE)

OUT1V.HE on Helsinki Stock Exchange

6.75EUR
19 Feb 2018
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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

REFILE-UPDATE 1-Outokumpu predicts profit hit from raw material costs, weak dollar

Jan 31 Outokumpu expects rising raw material costs, a weaker U.S. dollar and lower ferrochrome prices to hit its first quarter profit, the Finnish stainless steel maker said on Wednesday, wiping out this year's gain in its share price.