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Outokumpu Oyj (OUT1V.HE)

OUT1V.HE on Helsinki Stock Exchange

5.30EUR
21 Jun 2018
Change (% chg)

€0.04 (+0.68%)
Prev Close
€5.27
Open
€5.27
Day's High
€5.35
Day's Low
€5.20
Volume
4,003,702
Avg. Vol
3,322,747
52-wk High
€9.34
52-wk Low
€5.01

Latest Key Developments (Source: Significant Developments)

Sandvik Divests Ownership In Joint Venture Fagersta Stainless
Tuesday, 15 May 2018 

May 15 (Reuters) - SANDVIK AB ::SANDVIK DIVESTS OWNERSHIP IN JOINT VENTURE FAGERSTA STAINLESS.SAYS IMPACT ON SANDVIK'S EARNINGS PER SHARE IS EXPECTED TO BE NEUTRAL..  Full Article

Outokumpu Acquires Fagersta Stainless Wire Rod Mill In Sweden
Tuesday, 15 May 2018 

Outokumpu Oyj ::OUTOKUMPU ACQUIRES FAGERSTA STAINLESS WIRE ROD MILL IN SWEDEN.OUTOKUMPU ACQUIRES FAGERSTA STAINLESS WIRE ROD MILL IN SWEDEN.FAGERSTA STAINLESS IS CURRENTLY A 50/50 JOINT VENTURE OWNED BY OUTOKUMPU AND SANDVIK MATERIALS TECHNOLOGY..OUTOKUMPU AND SANDVIK HAVE SIGNED AN AGREEMENT FOR OUTOKUMPU TO PURCHASE FULL OWNERSHIP OF FAGERSTA STAINLESS WIRE ROD MILL.CASH CONSIDERATION OF TRANSACTION IS EUR 18 MILLION..OWNERSHIP WILL INCREASE TO 90 PER CENT AT END OF JUNE 2018 AND TO 100 PER CENT AT END OF 2019.  Full Article

Outokumpu Says Antitrust Investigation In Germany Has Been Terminated
Tuesday, 15 May 2018 

May 15 (Reuters) - OUTOKUMPU OYJ ::OUTOKUMPU - ANTITRUST INVESTIGATION IN GERMANY HAS BEEN TERMINATED.HAS RECEIVED AN OFFICIAL NOTIFICATION FROM GERMAN FEDERAL CARTEL OFFICE STATING THAT INVESTIGATION AGAINST OUTOKUMPU NIROSTA GMBH HAS BEEN TERMINATED..  Full Article

Outokumpu To Start Repurchase Of Own Shares
Monday, 30 Apr 2018 

April 30 (Reuters) - OUTOKUMPU OYJ ::REG-OUTOKUMPU TO START THE REPURCHASE OF ITS OWN SHARES.SHARE REPURCHASES WILL COMMENCE ON MAY 2, 2018 AT EARLIEST.MAXIMUM NUMBER OF SHARES TO BE REPURCHASED IN ONE OR MORE INSTALMENTS IS 3,000,000.  Full Article

Outokumpu Underlying EBITDA Above Expectations At EUR 133 Million
Thursday, 26 Apr 2018 

April 26 (Reuters) - OUTOKUMPU OYJ ::REG-OUTOKUMPU - OPERATIONALLY SOLID FIRST QUARTER, GROUP ADJUSTED EBITDA AT EUR 133 MILLION.Q1 UNDERLYING EBITDA EUR 133 MILLION (REUTERS POLL EUR 127 MILLION).DEVELOPMENT IN AMERICAS WAS DISAPPOINTING DUE TO LOW REALIZED PRICING..Q1 NET SALES EUR 1.67 BILLION (REUTERS POLL EUR 1.65 BILLION).MAINTAINED NET DEBT LEVEL BELOW EUR 1.1 BILLION IN Q1..SAYS DEMAND FOR STAINLESS STEEL IS EXPECTED TO STAY AT HEALTHY LEVELS..Q2 STAINLESS STEEL DELIVERIES ARE EXPECTED TO BE RELATIVELY FLAT COMPARED TO Q1 IN ALL BUSINESS AREAS.BENEFITS FROM HIGHER FERROCHROME PRICE WILL BE PARTLY OFFSET BY A PLANNED MAINTENANCE SHUTDOWN OF ONE FERROCHROME FURNACE..OUTOKUMPU EXPECTS ITS SECOND-QUARTER ADJUSTED EBITDA TO BE AT A SIMILAR LEVEL TO Q1 (Q1/18: EUR 133 MILLION)..EXPECTS ITS SECOND-QUARTER ADJUSTED EBITDA TO BE AT A SIMILAR LEVEL TO Q1.IN EUROPE, HIGHER ASIAN IMPORTS ARE EXPECTED TO RESULT IN FURTHER PRESSURE ON BASE PRICES..PROFITABILITY DECLINED PRIMARILY DUE TO LOWER FERROCHROME PRICE AND LOWER REALIZED BASE PRICES IN BOTH EUROPE AND AMERICAS..SHARES FALL 8 PERCENT AFTER Q1 REPORT.  Full Article

Outokumpu And Böllinghaus Steel To Widen Partnership In Special Shapes Bar
Tuesday, 17 Apr 2018 

Outokumpu Oyj ::OUTOKUMPU AND BÖLLINGHAUS STEEL TO WIDEN PARTNERSHIP IN SPECIAL SHAPES BAR.BÖLLINGHAUS STEEL WILL ACT AS A REPRESENTATIVE FOR OUTOKUMPU COLD DRAWN HEXAGON AND SQUARE BARS IN GERMANY AND UK.  Full Article

Outokumpu Wins Stainless Steel Rebar Order In North Carolina, USA
Wednesday, 4 Apr 2018 

April 4 (Reuters) - OUTOKUMPU OYJ ::PRESS RELEASE OUTOKUMPU WINS A STAINLESS STEEL REBAR ORDER FOR THE RODANTHE BRIDGE PROJECT IN NORTH CAROLINA, USA.OUTOKUMPU WINS A STAINLESS STEEL REBAR ORDER FOR THE RODANTHE BRIDGE PROJECT IN NORTH CAROLINA, USA.‍DELIVERIES WILL BE STARTED IN Q2 2018 AND CONTINUE THROUGH 2020.​.BRIDGE IS PLANNED TO BECOME OPERATIONAL IN 2020..‍CONTRACT IS WITH HARRIS REBAR TO SUPPLY DOMESTIC FABRICATED STAINLESS STEEL REBAR​.  Full Article

Finland's Outokumpu Proposes Metsa's ‍Kari Jordan As New Chairman As Ollila Steps Down
Wednesday, 31 Jan 2018 

Jan 31 (Reuters) - Outokumpu Oyj ::PROPOSES ‍KARI JORDAN AS NEW BOARD CHAIRMAN AS JORMA OLLILA IS NO LONGER AVAILABLE FOR A NEW TERM IN THE BOARD​.  Full Article

Outokumpu Signs Amendment Of Its Syndicated Revolving Credit Facility
Friday, 22 Dec 2017 

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 

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

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.