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Last €4.10 EUR
Change Today -0.112 / -2.66%
Volume 4.5M
OUT1V On Other Exchanges
As of 11:29 AM 07/3/15 All times are local (Market data is delayed by at least 15 minutes).

outokumpu oyj (OUT1V) Snapshot

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03/25/15 - €8.24
52 Week Low
11/11/14 - €3.60
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outokumpu oyj (OUT1V) Details

Outokumpu Oyj produces and sells various stainless steel products worldwide. The company operates in five segments: Coil EMEA, Coil Americas, APAC, Quarto Plate, and Long Products. It offers various grades of stainless steel products, such as austenitic, ferritic, martensitic, and duplex stainless steels, as well as grades with controlled compositions for special purposes. The company also provides stainless steel bars; coils and sheets; pipes; precision strips; quarto plates; rebars; slabs, ingots, blooms, and billets; and wire rods. In addition, it offers cold rolled surface finishes, and hot rolled plate and sheet surface finishes. The company’s products are used in architecture; chemicals; building and construction; electrical engineering; food and beverages; heating, cooling, and ventilation; catering and home; mining; oil and gas; pharmaceuticals; power; pulp and paper; textiles; transport; tube manufacturing; and water treatment. Outokumpu Oyj is headquartered in Espoo, Finland.

11,824 Employees
Last Reported Date: 04/29/15

outokumpu oyj (OUT1V) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: €872.1K
Compensation as of Fiscal Year 2014.

outokumpu oyj (OUT1V) Key Developments

Outokumpu Appoints Michael Williams as President and Head of Business Area Coil Americas and Member of the Outokumpu Leadership Team

Outokumpu announced the appointment of Michael Williams as the President and Head of Business Area Coil Americas and member of the Outokumpu Leadership Team as of July 1, 2015. Williams has over two decades of experience in the metals industry, including sixteen years at US Steel where he held a number of senior leadership positions, as well as the position of the CEO in Ormet Corporation, an aluminum company. Jose Ramon Salas who has been the interim head of Coil Americas will resume his position as the Head of Mexinox.

Outokumpu Oyj Reports Unaudited Group Earnings Results for the First Quarter Ended March 31, 2015

Outokumpu Oyj reported unaudited group earnings results for the first quarter ended March 31, 2015. Sales were €1,768 million compared to €1,617 million a year ago. EBITDA was €65 million compared with LBITDA was €78 million a year ago. Underlying EBITDA was €77 million compared to €37 million a year ago. LBIT was €10 million compared to €188 million a year ago. Underlying EBIT was €2 million compared to Underlying LBIT was €45 million a year ago. Loss before taxes was €46 million compared to €262 million a year ago. Net loss from continuing operations was €45 million compared to €267 million a year ago. Net loss was €45 million or €0.10 per share compared to €248 million or €1.66 per share a year ago. Net cash used in operating activities, continuing operations was €62 million compared to €14 million a year ago. Capital expenditure was €26 million compared to €15 million a year ago. Net debt at March 31, 2015 was €2,034 million compared to €1,974 million a year ago. Negative return on equity was 8.7% against 47.5% a year ago.

Outokumpu Appoints Jan Hofmann as President of the APAC Business Area and Member of the Leadership Team

Outokumpu announced that Jan Hofmann has been appointed President of the APAC business area and member of the company's Leadership team effective immediately. Jan Hofmann has been the interim head of the business area APAC since April 1, 2015. Prior to his current position he has held key positions in the company, such as the head of strategy and finance for APAC, and the head of strategy at Outokumpu. He will report to Outokumpu CEO Mika Seitovirta.


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