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Outokumpu Oyj (OUT1V.HE)

OUT1V.HE on Helsinki Stock Exchange

7.59EUR
8:37am EST
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€0.04 (+0.46%)
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€7.55
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€7.64
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€7.55
Volume
813,272
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3,500,291
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€10.45
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Latest Key Developments (Source: Significant Developments)

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

‍JPMorgan Chase & Co.'s holding in Outokumpu rises to 5.12 pct
Tuesday, 3 Oct 2017 02:30am EDT 

Oct 3 (Reuters) - OUTOKUMPU OYJ :‍JPMORGAN CHASE & CO.'S HOLDING IN SHARES AND VOTING RIGHTS OF OUTOKUMPU HAS RISEN ABOVE 5% THRESHOLD AND WAS 5.12% ON OCT 2​.  Full Article

JPMorgan Chase & Co.'s stake in Outokumpu falls below 5 pct ​
Thursday, 21 Sep 2017 02:00am EDT 

Sept 21 (Reuters) - OUTOKUMPU OYJ :‍JPMORGAN CHASE & CO.'S TOTAL HOLDING IN SHARES AND VOTING RIGHTS OF OUTOKUMPU OYJ FELL BELOW 5% THRESHOLD​.  Full Article

Outokumpu bar operations in US receive LCS approval for aerospace
Thursday, 31 Aug 2017 02:00am EDT 

Aug 31 (Reuters) - OUTOKUMPU OYJ :OUTOKUMPU BAR OPERATIONS IN THE US RECEIVE LCS APPROVAL FOR AEROSPACE.HAS RECEIVED PRATT & WHITNEY’S LCS (LABORATORY CONTROL AT SOURCE) APPROVAL FOR ITS BAR PRODUCTS MANUFACTURED IN ITS RICHBURG MILL IN SOUTH CAROLINA.  Full Article

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

Stainless steel maker Outokumpu's third quarter profit slumps, shares tumble

Finnish stainless steel maker Outokumpu reported a plunge in third quarter adjusted core profit of more than 50 percent on Thursday hit by a fall in ferrochrome production.