Aperam LU0569974404

OUTOKUMPU koersverloop - ontwikkeling -

1. voda 16 juni 2022 07:52

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   Outokumpu wil winst verder opvoeren
   En schulden nog verder terugdringen.
   
   (ABM FN-Dow Jones) Outokumpu heeft de eerste fase van de ingezette transformatie van het bedrijf ruim op tijd kunnen afronden en stelt nu voor de tweede fase zichzelf ten doel de winst nog verder op te voeren en de schuldratio terug te dringen. Dit meldde de Finse fabrikant van roestvast staal donderdagochtend.
   
   In deze tweede fase moet de schuldratio naar minder dan 1,0, onder normale marktomstandigheden. De EBITDA moet structureel met nog eens 200 miljoen euro omhoog. Daarnaast wordt de komende drie jaar voor 600 miljoen geïnvesteerd. En tot slot wordt gestreefd naar een stabiel en zelfs stijgend dividend.
   
   Donderdag zei Outokumpu dat dankzij het nieuwe dividendbeleid en de huidige winstontwikkeling het dividendvoorstel bij de komende jaarvergadering "significant" omhoog kan.
   
   De eerste fase was gericht op risicoreductie en balansversterking door onder meer kostenverlagingen.
   
   Outokumpu had daarbij twee financiële doelstellingen, die allebei zijn gehaald, namelijk een verbetering van de EBITDA met 250 miljoen euro en een schuldratio van minder dan 3,0.
   
   Door: ABM Financial News.
   
   info@abmfn.nl
   
   Redactie: +31(0)20 26 28 999
2. voda 20 juni 2022 07:43

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   Outokumpu Announces Targets for Second Phase of Transformation
   
   Strategic Research Institute
   Published on :
   20 Jun, 2022, 6:30 am
   
   Global stainless steel giant Outokumpu has completed the first phase of the strategy with a strong focus on de-risking the company and strengthening the balance sheet. The first phase of the three phase strategy was focused on three key priorities: Commercial Excellence, Cost and Capital Discipline and Lean and Agile Organization. The company has made significant progress in all areas and strategy execution has proceeded ahead of plans. Outokumpu has already achieved its financial targets, EUR 250 million EBITDA run-rate improvements and net debt to EBITDA ratio to below 3.0. Strong performance and diligent strategy execution in the first phase provide a solid foundation for the second phase until 2025.
   
   It has now set key strategic priorities, business area targets and related changes in the leadership team in the second phase of strategy. The second phase will focus on three key priorities: sustainability, growth from productivity and customer-focused steering. As part of the company’s ambitious sustainability journey, Outokumpu aims to reduce its CO2 emissions by 14% by the end of 2025 compared to the 2021 level, in line with its SBTi 1.5 degree climate target. Also, capital discipline and strong shareholder returns will be at the core of the company’s long-term strategy going forwards.
   
   For the second phase of the strategy, Outokumpu has launched two customer differentiated strategies for business area Europe. The company aims to strengthen cost leadership in high-volume stainless steel products and a global market leadership in advanced products. Business area Europe will strengthen its position as the customer’s first choice in sustainable stainless steel, while in business area Americas the focus will be on sustaining the high profitability levels. At the core of business area Ferrochrome’s strategy is carbon neutrality.
   
   President and CEO Mr Heikki Malinen continues to lead the business area Europe. To ensure the execution of the differentiated strategies in Europe, Outokumpu appoints Mr Niklas Wass as President Business Line Stainless Europe to lead high-volume stainless steel products and Mr Thomas Anstots as President Business Line Advanced Materials to lead advanced products. Otherwise, the responsibilities in the Outokumpu leadership team remain unchanged.
3. voda 20 juni 2022 07:49

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   Outokumpu Divests Plate Services in Castelleone Italy to Mariotti
   
   Strategic Research Institute
   Published on :
   20 Jun, 2022, 6:37 am
   
   Outokumpu’s plate services in service center in Castelleone in Italy are to be taken over by one of biggest customers in Italy Mariotti stainless steel group. All plate services and operations in Castelleone, machines and stock transfer to Mariotti. Apart a few exceptions, also the existing contracts and sales orders are transferred to Mariotti. Coil service center in the same location continues its operations normally, and it is not impacted by this deal in any way. Outokumpu also continues to sale quarto plate to distributors and tube producers as before.
   
   Mariotti has three stainless steel service centers in northern Italy, located in Pontevico in Brescia and Gravellona Toce in Verbania. Mariotti has been a very good customer and the cooperation continues with Outokumpu as a supplier and Castelleone service center as a part of our customer’s operations.
4. voda 29 juni 2022 07:13

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   Outokumpu Orders Mold Expert Fiber Systems from Primetals
   
   Strategic Research Institute
   Published on :
   29 Jun, 2022, 5:57 am
   
   Finnish stainless steel producer Outokumpu has recently placed an order with Primetals Technologies for two new molds and two new Mold Expert Fiber systems. The equipment will be supplied to Outokumpu’s two single-strand slab casters at its site in Tornio, located in the north-western part of Finland. Startup is scheduled for April 2023. As a global market leader in stainless steel, Outokumpu wants to use Primetals Technologies’ expertise and technology to take its proficiency in casting stainless steel to a new level.
   
   The variety of stainless steel grades in Outokumpu’s product portfolio is constantly increasing as more complex and specialized steels are introduced and produced. At the same time, quality levels for standard products are also increasing as the products are used in more demanding applications. To be able to successfully expand our product portfolio, to further improve product quality, and to ensure safe production, Outokumpu has decided to invest in cutting-edge technology for mold temperature measurement. The new technology provides a new type of visualization of the mold. This is of great importance because the mold is where the slab’s surface quality is determined. Also, Mold Expert Fiber gives the possibility to control the casting process and the solidification of the steel to a greater extent.
   
   Mold Expert Fiber’s core aim is to alarm operators to the possibility of a caster-mold breakout at the earliest possible stage. The system will also deliver information that up until now was unattainable, for example data on the exact mold level across the whole width of the mold and the liquid steel’s movements inside the mold. Therefore, the Mold Expert Fiber system will be a main tool for Outokumpu for developing new steel grades.
   
   The two systems that will be supplied to the Tornio plant feature 1,786 measuring points per mold, which is more than 30 times more sensors compared with conventional thermocouple measuring. The secret behind this abundance of measuring points is fiber technology – Fiber Bragg Gratings which reflect light are burned into the fiber, and when the temperature changes, they reflect the light differently. These changes can be measured with great accuracy and visualized. As a result, the measuring points are producing a real time thermal image of what is going on inside the mold.
   
   The scope of supply includes detail engineering, mechanical engineering, manufacturing, commissioning, and a one-year service deal. This means that for the first 12 months after purchase, Primetals Technologies will support Outokumpu in handling and analyzing the rich amount of slab casting data.
5. voda 29 juni 2022 07:18

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   Outokumpu to Divest Aalten Plate Service Center to Roba Holding
   
   Strategic Research Institute
   Published on :
   29 Jun, 2022, 6:08 am
   
   Finnish stainless steel producer Outokumpu is divesting its plate service center in Aalten in the Netherlands to Roba Holding, which is a family-owned business located in the Netherlands and a supplier of steel, stainless steel, aluminium, recycled metal as well as non-ferrous metals. Outokumpu will continue to supply Aalten with plates produced at its Degerfors plate mill in Sweden as well as from other Outokumpu mills, even after the closing of the deal, estimate to take place in approximately 1–3 months. All the employees, management and operations in Aalten will be part of the deal and transfer to Roba Metals.
   
   Outokumpu’s VP, Corporate Finance & M&A Antti Maununiemi said “Through this transaction, we are combining our forces with our customers who makes sense and allows us to make our European operations the most profitable in Europe. The divestment does not affect our other coil and plate operations in Europe. We continue to work together, as Outokumpu continues to supply Aalten with plates produced at Outokumpu mills.”
   
   At PSC Benelux, located in Aalten in The Netherlands, plate service centers offer bending, sawing, welding, machining, laser cutting, plasma cutting and waterjet cutting. Plasma cutting is available in thicknesses up to 150 mm. Material up to 70 mm in thickness can be cut under water, reducing heat impact on the material. Thick dimension material (70–150 mm) is dry-cut. Water jet cutting produces clean cuts with narrow tolerances, reducing the need for further machining and additional costs. Benelux water jets handle materials up to 150 mm in thickness and maximum plate dimensions of 6 by 3 meters. Advanced laser cutting equipment is used to process sheets 6 meters long by 2 meters wide. A 6 kW CO2 laser cuts material up to 25 mm in thickness. Two quality cuts are available at Benelux: Standard, and Bright Line for high-shine, smooth cuts with narrow tolerances that need no subsequent processing. In machining, Benelux offers unique production efficiencies. Turning can be done in dimensions of up to 1,450 mm, and drilling and milling are performed on a table measuring 2,200 mm by 860 mm. The facility’s CNC operation includes one machine equipped with multiple functions (turning/drilling) that streamline production processes.
6. voda 6 juli 2022 07:05

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   Outokumpu Selects TCS for Cloud-First Transformation
   
   Strategic Research Institute
   Published on :
   06 Jul, 2022, 6:32 am
   
   Tata Consultancy Services announced that global stainless steel leader Outokumpu has been selected TCS to transform its IT landscape with an agile and secure cloud-based digital core to reduce its carbon footprint and support its strategic aspirations. Outokumpu aims to strengthen its industry leadership and competitive differentiation. Towards this goal, it has embarked on a cloud transformation journey, entering into a multi-year strategic partnership with TCS to build a next-generation hybrid cloud platform.
   
   TCS will use its deep industry knowledge of the steel sector to support Outokumpu in building a new digital core using advanced digital technologies such as cloud, data analytics and Artificial Intelligence. It will transform and migrate the steel-maker's mission-critical manufacturing operations systems and core SAP systems to a new hybrid cloud architecture using Azure.
   
   Additionally, TCS will deploy new digital end-user services that will cater to the differentiated needs of each of Outokumpu's business units and help them derive the full benefit of the transformation. TCS will leverage its Machine First approach to simplify production management using Cognix for Workplace, its Al-driven human-machine collaboration suite. This will help create an intuitive, immersive, and intelligent workspace, offering delightful employee experiences.
   
   The new cloud-based digital core will help enhance operational resilience, scalability and agility across the enterprise. Easier access to next-gen technologies as part of the cloud stack is expected to accelerate innovation across the organization and advance Outokumpu's digital manufacturing objectives. Further, the transformation will reduce Outokumpu's carbon footprint and help achieve its objective of being the customer's first choice in sustainable stainless steel.
7. voda 13 juli 2022 06:41

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   Outokumpu Divests Majority of Long Product Business to Marcegaglia
   
   Strategic Research Institute
   Published on :
   13 Jul, 2022, 5:23 am
   
   Finland headquartered stainless steel giant Outokumpu has signed an agreement to divest the majority of the Long Products business operations to Marcegaglia Steel Group to focus on its core business of flat stainless steel products.Outokumpu President & CEO Mr Heikki Malinen said “This divestment marks the accomplishment of the turnaround program for the Long Products business in the past two years. With Marcegaglia, we have found a responsible and committed owner to develop Long Products business even further. The sale is a natural step for Outokumpu in line with our strategy to focus on our core business, stainless steel flat products.”
   
   The sales of Long Products accounted for approximately 8% of the Outokumpu Group's sales in 2021. The transaction includes Long Products melting, rod and bar operations in Sheffield in UK, bar operations in Richburg in US and wire rod mill in Fagersta in Sweden. The transaction does not include Outokumpu Long Products AB operations in Degerfors and Storfors in Sweden. Approximately 650 employees in Sheffield, Richburg and Fagersta will transfer to the buyer as a part of the transaction. Outokumpu Long Products AB’s units in Degerfors and Storfors in Sweden continue their operations for now as part of the Outokumpu Group, and different options are to be evaluated for the future of the units.
   
   The total consideration on a debt and cash free basis amounts to EUR 228 million implying an EV Adjusted 2021 EBITDA multiple of 4.9x. In the January–September 2022 interim report, Outokumpu will classify its Long Products businesses to be divested as assets held for sale, report the businesses as a discontinued operation and based on preliminary assessment, impairment of some EUR 50 million would be recognized, subject still to final review.
   
   Outokumpu expects to complete the divestment by the end of this year. The completion of the transaction is subject to customary closing conditions and regulatory approvals by the competition authorities and requires for instance internal structuring before completion. The transaction will be carried out as a share sale.
8. voda 5 augustus 2022 06:57

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   Outokumpu Reports EUR 923 Million EBITDA in H1 of 2022
   
   Strategic Research Institute
   Published on :
   5 Aug, 2022, 6:52 am
   
   Finland based leading global stainless steel producer Outokumpu’s sales increased to EUR 2.951 billion in the April-June 2022 quarter as compared to EUR 2.760 billion in April-June 2021 quarter and adjusted EBITDA amounted to EUR 547 million as compared to EUR 377 million in prior year quarter. Outokumpu’s President & CEO Mr Heikki Malinen said “Our strong performance continued in the second quarter. The past months have been eventful for Outokumpu. To mention a few of the key events of the second quarter, we launched the second phase of our strategy, introduced emission-minimized stainless steel product line Circle Green and announced our aim to achieve carbon neutrality at our Kemi chrome mine by 2025. In July, we announced that we will divest the majority of Long Products business area. This divestment represents a successful closing of the turnaround program, which was started two years ago.”
   
   Total stainless steel deliveries in Q2 declined by 7% while realized prices for stainless steel continued to further strengthen in Europe and also in Americas. Profitability was negatively impacted by increased maintenance costs and higher variable costs, mainly due to significant cost inflation in freight and consumable prices. Raw material-related inventory and metal derivative gains were significantly higher compared to the previous quarter, mainly due to positive timing impacts, and amounted to EUR 86 million
   
   During the first-half of 2022, Outokumpu’s sales increased to EUR 5.712 billion and adjusted EBITDA amounted to EUR 923 million. Total stainless steel deliveries in the first-half of 2022 were 1% higher compared to the same period last year. In 2022, profitability was driven by remarkably increased realized prices for stainless steel in both Europe and Americas and a higher ferrochrome sales price. However, fixed and variable costs increased compared to the previous year. Especially significant cost inflation in energy, freight and consumable prices burdened profitability. Raw material-related inventory and metal derivative gains amounted to EUR 43 million in the first-half of 2022
   
   Outlook for Q3 2022 “Group stainless steel deliveries for continuing operations* in the third quarter are expected to decrease by 10–20% compared to the second quarter. Prices for stainless steel in the already received orders have remained at a high level. The European ferrochrome benchmark price decreased to USD 1.80/lb for the third quarter. Energy costs are expected to increase in the third quarter and impact especially negatively business area Ferrochrome. Planned maintenance costs in the third quarter are expected to increase by approximately EUR 10 million compared to the second quarter. With current raw material prices, significant raw material-related inventory and metal derivative losses are expected to be realized in the third quarter. Adjusted EBITDA for continuing operations in the third quarter of 2022 is expected to be lower compared to the second quarter. Continuing operations is excluding the Long Products business units to be divested, which will be classified as assets held for sale, reported and restated as discontinued operations in Q3 of2022. Continuing operations represents approximately 90% of Group second-quarter adjusted EBITDA.”
   
   Outokumpu’s history began in 1910 with the discovery of copper in Kuusjärvi, Finland on a hill called Outokumpu, which literally means strange hill. Over the years, Outokumpu mined and refined various metals in Finland and abroad, before focusing solely on stainless steel in the 2000s.
9. seance 4 september 2022 11:32

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   houdt er terdege rekening mee dat outokumpu niet ongeschonden uit deze energiecrisis komt!
10. voda 7 september 2022 08:58

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    Outokumpu to Delay Ferrochrome Furnace Restart over Energy Prices
    
    Strategic Research Institute
    Published on :
    7 Sep, 2022, 6:54 am
    
    Finland headquartered global stainless steel leader Outokumpu will delay the restart of one of its ferrochrome furnaces after a maintenance break due to the elevated electricity price. Outokumpu said “Due to exceptionally high energy prices and an unstable energy market, stainless steel producer Outokumpu has decided to delay the restart of one of its three ferrochrome furnaces after a planned maintenance break. The maintenance break starts on 7 September and restart was initially planned for week 40. Ferrochrome production will continue at about 70% of its full capacity.”
    
    Outokumpu’s President Ferrochrome Mr Martti Sassi said “Energy prices have increased significantly, which has had a negative impact on our cost competitiveness compared to our non-European competitors. We hope that decisive actions are taken at both EU and national level to stabilize the energy market. We are keeping a close eye on the situation and hope that politicians will take an active role in normalizing the operating environment. We have already been optimizing our ferrochrome production by not producing ferrochrome at the highest hourly prices to avoid the worst peaks in prices, as communicated earlier*. The decision to delay the reopening of one of our furnaces is a continuation of the ferrochrome production optimization.”
    
    Despite the decrease in Outokumpu’s ferrochrome production, the company’s stainless steel production will remain on the same level as guided in January–June interim report, and these measures will not impact customer deliveries or financial outlook for the third quarter.
11. voda 21 september 2022 07:38

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    Outokumpu Appoints Mr Henrik Rodenström as SVP Treasury
    
    Strategic Research Institute
    Published on :
    21 Sep, 2022, 6:19 am
    
    Finland headquartered stainless steel giant Outokumpu has appointed Mr Henrik Rodenström as SVP Treasury as of 1 October 2022. He will report to CFO Pia Aaltonen-Forsell. Mr Rodenström has a profound background in process-oriented companies and has worked in various senior treasury and finance positions in Stora Enso, Munksjö and SSAB. Currently, he is holding the position of Head of Group Treasury at SSAB. He has a master’s degree in business studies and economics.
    
    Outokumpu Oyj is a group of international companies headquartered in Helsinki in Finland, employing 10,600 employees in more than 30 countries. Outokumpu is the largest producer of stainless steel in Europe and the second largest producer in the Americas.
12. voda 3 oktober 2022 07:58

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    Outokumpu to Invest in Biocoke & Biomethane Plant in Finland
    
    Strategic Research Institute
    Published on :
    3 Oct, 2022, 6:18 am
    
    Helsinki Finland headquartered stainless steel giant Outokumpu plans a significant investment in a biocoke and biomethane plant, aiming at reduce climate emissions and increasing self-sufficiency in energy in Finland. As a part of its ambitious climate actions, Outokumpu is planning an investment in a biocoke and biomethane plant at its stainless-steel production site in Tornio in Finland. This large-scale biocoke project has now proceeded to a phase where Outokumpu is applying for investment support totalling EUR 25 million. If realized, this project would significantly increase self-sufficiency in energy in Finland and it also has the potential to reduce carbon dioxide emissions by more than 200,000 tonnes per year. This project supports significantly the Finnish and European energy and climate targets for 2030.
    
    The new biocoke and biomethane plant would show that it is possible to produce a new raw material from the forest industry waste that is currently burned for low-efficient energy creation purposes. The new raw material, which is called biocoke, could replace the coke that it currently imports and that is used as reductant in Outokumpu’s ferrochrome production process.
    
    Outokumpu’s biocoke project is a result of the research done in the Towards Carbon Neutral Metals or TOCANEM program, financed by Business Finland. The biocoke project would, if realized, be one of the first new significant industrial investments to reduce carbon dioxide emissions as a result of the TOCANEM program. In the TOCANEM research program, the metal industry and research organizations have together researched possibilities to reduce carbon dioxide emissions in the production of steel and other metals.
13. voda 4 oktober 2022 07:48

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    Outokumpu Completes Divestment of Aalten Service Center to Roba
    
    Strategic Research Institute
    Published on :
    4 Oct, 2022, 6:28 am
    
    Outokumpu had announced in June that it will divest its plate service center in Aalten in the Netherlands to Roba Holding. Outokumpu has now completed the divestment and the Aalten service center will continue to serve its customers as Roba Metals Plate Center as of 1 October. All the employees, management and operations in Aalten will become part of Roba Holding. Roba is a family-owned business located in the Netherlands. The company is a supplier of steel, stainless steel, aluminium, recycled metal as well as non-ferrous metals. Aalten’s products, services and contact people will remain the same going forward, and Outokumpu continues to supply Aalten with plates produced at Outokumpu mills.
    
    At PSC Benelux, located in Aalten in The Netherlands, plate service centers offer bending, sawing, welding, machining, laser cutting, plasma cutting and waterjet cutting. Plasma cutting is available in thicknesses up to 150 mm. Material up to 70 mm in thickness can be cut under water, reducing heat impact on the material. Thick dimension material (70-150 mm) is dry-cut.
    
    Waterjet cutting produces clean cuts with narrow tolerances, reducing the need for further machining and additional costs. Benelux water jets handle materials up to 150 mm in thickness and maximum plate dimensions of 6 by 3 meters. Advanced laser cutting equipment is used to process sheets 6 meters long by 2 meters wide. A 6 kW C02 laser cuts material up to 25 mm in thickness.
    
    Two quality cuts are available at Benelux: Standard, and Bright Line for high-shine, smooth cuts with narrow tolerances that need no subsequent processing. In machining, Benelux offers unique production efficiencies. Turning can be done in dimensions of up to 1,450 mm, and drilling and milling are performed on a table measuring 2,200 mm by 860 mm. The facility's CNC operation includes one machine equipped with multiple functions (turning/drilling) that streamline production processes.
14. voda 11 oktober 2022 07:39

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    Outokumpu to Continue to Restrict Ferrochrome Production
    
    Stainless steel leader Outokumpu plans to continue to restrict its ferrochrome production and starts related change negotiations. Outokumpu said “The price of electricity remains exceptionally high and the situation on the energy market has not eased since Outokumpu announced on September 6 its decision to delay the restart of one of its three ferrochrome furnaces after a maintenance break. In this exceptional situation, the company plans therefore to further delay the restart of this furnace at least until the end of the first quarter of 2023 and will start change negotiations related to the restriction of the ferrochrome production. These negotiations concern all of the employees working in the ferrochrome operations, and the planned measures would concern at most 70 people.”
    
    Outokumpu President Business Area Ferrochrome Mr Martti Sassi said “Unfortunately, the situation in the energy market has not eased, but the high price of electricity continues to have a negative impact on our cost competitiveness compared to our competitors, mainly from outside Europe. The possible further delay of the restarting of the furnace is a difficult but potentially necessary measure in an utterly exceptional situation. In the change negotiations, we will try to find a solution for us to be able to employ our ferrochrome personnel in the other Tornio operations.”
    
    Outokumpu started to optimize its ferrochrome production in August 2022 by not producing ferrochrome at the highest electricity prices. The capacity of the furnace that has been shut down is approximately 30% of the entire ferrochrome capacity. Continuing to restrict the ferrochrome production will not impact Outokumpu’s stainless-steel deliveries.
15. voda 19 oktober 2022 06:34

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    Wipro to Accelerate Cloud Transformation of Outokumpu
    
    Strategic Research Institute
    Published on :
    19 Oct, 2022, 4:05 am
    
    Leading technology services and consulting company Wipro and multinational stainless steel manufacturer Outokumpu have announced a strategic deal to accelerate Outokumpu's cloud transformation for applications. During this transformation journey, Wipro will conduct application cloud discovery; assess, design and right-size the Microsoft Azure platform; migrate and modernize applications; and build an agile and DevSecOps-based IT operating model - increasing the availability of applications in addition to eliminating downtime.
    
    The services will be delivered through Wipro FullStride Cloud Services, which brings more than 1,000 blueprints and over 40 solution accelerators together, acting as an integrated workbench to plan, create, design, develop and manage the entire transformation journey-enabling Outokumpu to fast-track its cloud adoption and accelerate modernization at scale.
    
    The deal will help Outokumpu reach its goal of becoming an agile, data-driven, sustainability-focused organization by delivering next-generation applications and building a Microsoft Azure powered platform for Outokumpu’s corporate and factory applications. As a result, Outokumpu will be able to respond faster to changing business needs, as well as improve productivity, reliability, and the cost-effectiveness of IT services. In addition, this on-demand platform will reduce consumption of power, lowering the carbon footprint associated with Outokumpu’s IT infrastructure.
16. voda 3 november 2022 06:51

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    Outokumpu Completes Negotiations for Ferrochrome Production Cut
    
    Strategic Research Institute
    Published on :
    3 Nov, 2022, 5:24 am
    
    Outokumpu has completed its change negotiations related to the company's plans to further restrict the ferrochrome production and to delay the restart of one ferrochrome furnace after a maintenance break at least until the end of the first quarter of 2023. At the start of the negotiations, Outokumpu announced that the planned measures would concern at most 70 people. The aim in the change negotiations was to find a solution where Outokumpu would be able to employ the ferrochrome personnel in the other Tornio operations. As a result of the negotiations, the fixed-term measures will affect 52 people for whom the aim is to find work in the other Tornio operations.
    
    Outokumpu’s Ferrochrome President Mr Martti Sassi said “The further delay of the restarting of the furnace is a difficult but necessary measure in an utterly exceptional situation. The price of electricity remains exceptionally high, and the high price continues to have a negative impact on our cost competitiveness compared to the competitors, mainly from outside Europe. The change negotiations were conducted in good cooperation, thank you to all parties involved in the process.”
17. voda 3 november 2022 11:04

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    Meer omzet en winst voor Outokumpu
    
    Minder leveringen voor Aperam-concurrent.
    
    (ABM FN-Dow Jones) Outokumpu heeft in het derde kwartaal de omzet en het resultaat zien stijgen. Dit meldde de Finse fabrikant van roestvast staal donderdagochtend.
    
    De concurrent van Aperam meldde een omzet die op jaarbasis steeg van 1,85 miljard naar 2,34 miljard euro bij een aangepaste EBITDA van 304 miljoen euro tegen 288 miljoen euro in het derde kwartaal van 2021.
    
    De staalleveringen daalden wel, van 546.000 ton naar 491.000 ton.
    
    De operationele kasstroom liep op van 180 miljoen euro naar 238 miljoen euro, terwijl de nettoschuld afnam naar 90 miljoen euro, waar deze op 30 juni van dit jaar nog op 289 miljoen euro stond.
    
    Outlook
    
    Outokumpu verwacht dat de staalleveringen in het lopende vierde kwartaal vlak tot 10 procent lager uitvallen dan in het derde kwartaal van 2022.
    
    De aangepaste EBITDA zal in het vierde kwartaal ook lager uitvallen dan in het derde kwartaal.
    
    Verder meldde Outokumpu dat het 20 miljoen eigen aandelen zal gaan inkopen of voor maximaal 100 miljoen euro, "na het beste derde kwartaal in de geschiedenis van Outokumpu" en de laagste nettoschuld ooit, aldus CEO Heikki Malinen.
    
    Door: ABM Financial News.
    
    info@abmfn.nl
    
    Redactie: +31(0)20 26 28 999
18. [verwijderd] 3 november 2022 19:02

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    Mag ik ook in het Nederlands een vraag stellen?
    
    Ik zit te denken aan een turbo long naast mijn helaas onder water staande aandelen. Welke raden jullie aan?
19. voda 7 november 2022 07:19

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    Outokumpu Reports 72% Surge in EBITDA in January–September 2022
    
    Strategic Research Institute
    Published on :
    7 Nov, 2022, 3:27 am
    
    Finland headquartered stainless steel leader Outokumpu has reported strong EBITDA of EUR 304 million in July-September quarter of 2022 as compared to EUR 228 million in prior year with sales of 491,000 tonnes, down as compared of 546,000 tonnes in prior year. Outokumpu’s stainless steel deliveries were 1.656 million tonnes in January-September of 2022 down From 1.704 million tonnes in January-September of 2021 and EBITDA of EUR 1.146 billion as compared to EUR 668 million in prior year
    
    Outokumpu President & CEO Mr Heikki Malinen said “Our third-quarter performance was solid. We delivered EUR 304 million of adjusted EBITDA, which is the best third-quarter result in Outokumpu’s history. Our stainless steel deliveries fell by 12% in a softening market with exceptionally high imports. Distributors accelerated de-stocking of commodity grades, while end-user demand remained stable.”
    
    He said “Due to high electricity prices, we have been optimizing our ferrochrome production, which has led to lower production volumes, and adjusted EBITDA for business area Ferrochrome declined to EUR 34 million. We also decided to delay the restart of one of our three ferrochrome furnaces to at least the end of the first quarter of 2023.”
    
    Outlook for Q4 2022
    
    Group stainless steel deliveries in the fourth quarter are expected to decrease by 0–10% compared to the third quarter.
    
    The European ferrochrome benchmark price decreased to USD 1.49/lb for the fourth quarter.
    
    Ferrochrome production continues at 50–60% of its full capacity due to a furnace shutdown and the optimization of the ferrochrome production, caused by exceptionally high electricity costs.
    
    With current raw material prices, raw material-related inventory and metal derivative losses are expected to be realized in the fourth quarter.
    
    Adjusted EBITDA in the fourth quarter of 2022 is expected to be lower compared
20. voda 7 november 2022 07:29

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    Outokumpu Aims to Improve Energy Efficiency Significantly in 2023
    
    Strategic Research Institute
    Published on :
    7 Nov, 2022, 3:41 am
    
    Finland headquartered stainless steel leader Outokumpu announced that it aims to improve its energy efficiency significantly in 2023 and 2024 amidst the European energy crisis and decided to significantly increase its energy efficiency improvement target and prioritize related investments in 2023 and 2024. It said “So far, Outokumpu’s target has been to improve energy efficiency by 0.5% annually. Until the end of 2024, Outokumpu now aims to improve its energy efficiency by 8% across the group compared to the January–September 2022 level. These measures would correspond to energy saving of approximately 600,000 MWh which is equal to annual electricity usage of 15,000 households.
    
    Outokumpu’s Chief Technology Officer Mr Stefan Erdmann said “The European energy crisis has created a turbulent operating environment. To tackle the uncertainty, we have decided to take immediate action on our own energy efficiency. This means that we will prioritize investments to improve our energy efficiency and also increase related annual capital expenditure by EUR 20 million in 2023 and 2024. The new efficiency measures will support Outokumpu to achieve our ambitious climate targets.”
    
    These additional investments do not impact Outokumpu’s capital expenditure frame of EUR 600 million for the second phase of the strategy by the end of 2025. For 2023 and 2024, the annual capital expenditure remains EUR 200 million.