Buy Or Sell Opportunity • Jun 10
Now 20% undervalued Over the last 90 days, the stock has risen 18% to €5.75. The fair value is estimated to be €7.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • May 25
Now 20% undervalued Over the last 90 days, the stock has risen 6.2% to €5.69. The fair value is estimated to be €7.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • May 13
First quarter 2026 earnings released: €0.01 loss per share (vs €0.042 loss in 1Q 2025) First quarter 2026 results: €0.01 loss per share (improved from €0.042 loss in 1Q 2025). Revenue: €1.45b (down 4.8% from 1Q 2025). Net loss: €6.00m (loss narrowed 67% from 1Q 2025). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Breakeven Date Change • May 12 The 11 analysts covering Outokumpu Oyj previously expected the company to break even in 2026. New consensus forecast suggests the company will make a profit of €137.3m in 2026. Earnings growth of 22% is required to achieve expected profit on schedule.
Declared Dividend • Apr 09
Dividend of €0.07 announced Shareholders will receive a dividend of €0.07. Ex-date: 14th October 2026 Payment date: 22nd October 2026 Dividend yield will be 2.6%, which is lower than the industry average of 7.3%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.0% per year over the past 9 years. However, payments have been volatile during that time. Announcement • Mar 28
Outokumpu Corporation Announces Board Committees Appointments Outokumpu Corporation's Board of Directors has at its organizational meeting on March 26, 2026, appointed two permanent committees, the Audit Committee and the Remuneration Committee, and decided on their composition. Jenni Lukander was appointed to Audit Committee and now the audit committee consists of Jyrki Mäki-Kala as the Chairman of the Audit Committee and Olavi Huhtala, Jenni Lukander, Päivi Luostarinen and Petter Söderström as members. Timo Ritakallio was elected as Chairman of the Remuneration Committee and Chairman of the Remuneration Committee consists of Kari Jordan as the Chairman and Hilde Merete Aasheim, Heinz Jörg Fuhrmann, Timo Ritakallio and Julia Woodhouse as members. Declared Dividend • Mar 17
Final dividend of €0.06 announced Shareholders will receive a dividend of €0.06. Ex-date: 27th March 2026 Payment date: 8th April 2026 Dividend yield will be 3.9%, which is lower than the industry average of 7.3%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.0% per year over the past 9 years. However, payments have been volatile during that time. Announcement • Feb 12
Outokumpu Oyj Proposes Dividend for the Financial Year Ended December 31, 2025, Payable on April 8, 2026 and October 22, 2026 Respectively Outokumpu Oyj announced at the AGM to be held on March 26, 2026, proposed dividend of, in total, EUR 0.13 per share be paid based on the balance sheet to be adopted for the financial year ended December 31, 2025. The dividend will be paid in two instalments. The first instalment of EUR 0.06 per share will be paid to shareholders who on the record date of the first dividend instalment March 30, 2026 are registered in the Company's shareholders' register held by Euroclear Finland Oy. The Board of Directors proposes that the first dividend instalment be paid on April 8, 2026. The second instalment of EUR 0.07 per share will be paid to shareholders who on the record date of the second dividend instalment October 15, 2026 are registered in the Company's shareholders' register held by Euroclear Finland Oy. The Board of Directors proposes that the second dividend instalment be paid on October 22, 2026. Announcement • Dec 17
Outokumpu Oyj, Annual General Meeting, Mar 26, 2026 Outokumpu Oyj, Annual General Meeting, Mar 26, 2026. Announcement • Nov 05
Outokumpu Appoints Anouk De Graaf Appointed as Executive Vice President - People, Sustainability and Corporate Relations and A Member of Outokumpu Leadership Team, Effective February 1, 2026 Outokumpu Oyj announced Anouk de Graaf (MBA) has been appointed as Executive Vice President - People, Sustainability and Corporate Relations and a member of Outokumpu Leadership Team as of February 1, 2026. Anouk de Graaf has an extensive international background in human resources, spanning across diverse industries and several regions, most recently as Vice President, Global People and Culture Business Partners at Borealis and before that in various HR leadership and management roles at DSM and Philips. Anouk de Graaf will be based in the Netherlands and report to CEO Kati ter Horst. Upcoming Dividend • Oct 07
Upcoming dividend of €0.13 per share Eligible shareholders must have bought the stock before 14 October 2025. Payment date: 22 October 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 5.9%. Within top quartile of British dividend payers (5.3%). Higher than average of industry peers (3.2%). Announcement • Oct 07
Outokumpu Appoints Johann Steiner as President, Business Area Americas as of October 6, 2025 Outokumpu has appointed Johann Steiner (M.Sc. Econ.) as President, business area Americas as of October 6, 2025. Tamara Weinert, the previous position holder, will pursue new challenges. Johann Steiner continues to be a member of Outokumpu's Leadership Team, which he joined in 2013. Most recently, Johann held the role of EVP, Strategy, Sustainability & People. The search for his successor is ongoing. Johann Steiner will be based in Calvert, Alabama and continues to report to Kati ter Horst, President & CEO, Outokumpu. Announcement • Aug 01
Outokumpu Corporation Announces Composition of the Shareholders' Nomination Board Outokumpu Corporation's Shareholders' Nomination Board has been established to annually prepare proposals to the General Meeting for the election and remuneration of the members of the Board of Directors. The Nomination Board consists of five members - four represent the company's largest shareholders and the Chairman of the Board of Directors acts as the fifth member of the Nomination Board. The largest shareholders are determined on the basis of the shareholder register of the company according to the ownership situation on the first business day of August each year. On August 1, 2025, the four largest shareholders of Outokumpu were Solidium Oy, Varma Mutual Pension Insurance Company, Ilmarinen Mutual Pension Insurance Company, and the State Pension Fund of Finland. As the State Pension Fund of Finland has informed Outokumpu that it will not use its nomination right, the right transfers to the Social Insurance Institution of Finland. The shareholders have appointed the following representatives to the Nomination Board: Matts Rosenberg, incoming CEO of Solidium OyPekka Pajamo, Senior Vice-President, CFO, Finance and Internal Services of Varma Mutual Pension Insurance CompanyEsko Torsti, Head of Alternative Investments of Ilmarinen Mutual Pension Insurance CompanyLasse Lehtonen, Director General of the Social Insurance Institution of Finland Kari Jordan, Chairman of the Board of Directors of Outokumpu, acts as a fifth member of the Nomination Board. The Nomination Board will submit its proposals to Outokumpu's Board of Directors on January 31, 2026, at the latest. Outokumpu will publish the proposals of the Nomination Board in a release and include them in the notice to the Annual General Meeting. Reported Earnings • Aug 01
Second quarter 2025 earnings released: €0.04 loss per share (vs €0.012 loss in 2Q 2024) Second quarter 2025 results: €0.04 loss per share (further deteriorated from €0.012 loss in 2Q 2024). Revenue: €1.49b (down 3.5% from 2Q 2024). Net loss: €19.0m (loss widened 280% from 2Q 2024). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Reported Earnings • May 09
First quarter 2025 earnings released: €0.04 loss per share (vs €0.054 loss in 1Q 2024) First quarter 2025 results: €0.04 loss per share (improved from €0.054 loss in 1Q 2024). Revenue: €1.52b (up 3.0% from 1Q 2024). Net loss: €18.0m (loss narrowed 22% from 1Q 2024). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Announcement • Apr 04
Outokumpu Corporation Announces Committee Appointments Outokumpu Corporation's Board of Directors has at its organizational meeting appointed two permanent committees, the Audit Committee and the Remuneration Committee, and decided on their composition. Jyrki Mäki-Kala was elected as the Chairman of the Audit Committee and Päivi Luostarinen, Petter Söderström and Olavi Huhtala were elected as members. Kari Jordan was elected as the Chairman of the Remuneration Committee and Heinz Jörg Fuhrmann, Hilde Merete Aasheim and Julia Woodhouse were elected as members. Board Change • Apr 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Director Jyrki Maki-Kala was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 28
Upcoming dividend of €0.13 per share Eligible shareholders must have bought the stock before 04 April 2025. Payment date: 14 April 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 7.3%. Within top quartile of British dividend payers (6.0%). Higher than average of industry peers (4.2%). Declared Dividend • Feb 16
Dividend of €0.13 announced Shareholders will receive a dividend of €0.13. Ex-date: 4th April 2025 Payment date: 14th April 2025 Dividend yield will be 3.7%, which is lower than the industry average of 7.3%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 13% per year over the past 8 years. However, payments have been volatile during that time. Announcement • Feb 15
Outokumpu Oyj Proposes Dividend for the Financial Year 2024, Payable on April 14, 2025 and October 22, 2025 Respectively Outokumpu Oyj announced Board of Directors proposed to the Annual General Meeting that a dividend of, in total, EUR 0.26 per share be paid based on the balance sheet to be adopted for the financial year ended December 31, 2024. The dividend will be paid in two instalments. The dividend will not be paid to shares held by the Company on the dividend record dates. The first instalment of EUR 0.13 per share will be paid to shareholders who on the record date of the first dividend instalment April 7, 2025 are registered in the Company's shareholders' register held by Euroclear Finland Oy. The Board of Directors proposes that the first dividend instalment be paid on April 14, 2025. The second instalment of EUR 0.13 per share will be paid to shareholders who on the record date of the second dividend instalment October 15, 2025 are registered in the Company's shareholders' register held by Euroclear Finland Oy. The Board of Directors proposes that the second dividend instalment be paid on October 22, 2025. Reported Earnings • Feb 14
Full year 2024 earnings released: €0.094 loss per share (vs €0.26 loss in FY 2023) Full year 2024 results: €0.094 loss per share (improved from €0.26 loss in FY 2023). Revenue: €5.94b (down 15% from FY 2023). Net loss: €40.0m (loss narrowed 64% from FY 2023). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Announcement • Feb 12
Outokumpu Oyj Appoints Matthieu Jehl as President, Business Line Stainless Europe Outokumpu has appointed Matthieu Jehl (MBA, M.Sc. Applied Economics, M.Sc. Eng.) as President of business line Stainless Europe and member of the Outokumpu Leadership Team as of May 26, 2025, at the latest. Matthieu joins Outokumpu from ArcelorMittal, where he served as CEO in different countries within Europe. He also worked with John Cockerill as President for the Energy division. Matthieu will report to Kati ter Horst, President and CEO, and will be based at Outokumpu's office in Krefeld, Germany. Announcement • Jan 07
Outokumpu Oyj Announces Pierre Vareille, A Current Member of the Board of Directors No Longer Available for Re-Election Outokumpu Oyj announced Pierre Vareille, a current member of the Board of Directors of Outokumpu Corporation, has subsequently notified the Shareholders’ Nomination Board that he is no longer available for re-election for personal reasons. Consequently, the Shareholders’ Nomination Board proposes that the Board of Directors would consist of eight (8) members instead of the earlier announced nine (9). Announcement • Nov 05
Outokumpu Oyj Announces Leaving of Niklas Wass, President, Business Line Stainless Europe and Member of Outokumpu Leadership Team Outokumpu Oyj announced that Niklas Wass, President, business line Stainless Europe and member of Outokumpu Leadership Team, has decided to leave the company in order to pursue a career opportunity outside Outokumpu. Niklas will continue in his position until March 31, 2025. A process to find a successor for him will start immediately. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: €0.047 (vs €0.13 loss in 3Q 2023) Third quarter 2024 results: EPS: €0.047 (up from €0.13 loss in 3Q 2023). Revenue: €1.52b (flat on 3Q 2023). Net income: €20.0m (up €75.0m from 3Q 2023). Profit margin: 1.3% (up from net loss in 3Q 2023). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 09
Second quarter 2024 earnings released: €0.01 loss per share (vs €0.20 profit in 2Q 2023) Second quarter 2024 results: €0.01 loss per share (down from €0.20 profit in 2Q 2023). Revenue: €1.54b (down 19% from 2Q 2023). Net loss: €5.00m (down 106% from profit in 2Q 2023). Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Reported Earnings • May 08
First quarter 2024 earnings released: €0.05 loss per share (vs €0.22 profit in 1Q 2023) First quarter 2024 results: €0.05 loss per share (down from €0.22 profit in 1Q 2023). Revenue: €1.48b (down 26% from 1Q 2023). Net loss: €23.0m (down 124% from profit in 1Q 2023). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings. Announcement • Apr 23
Outokumpu Corporation Appoints Marc-Simon Schaar as CFO, effective June 1, 2024 Outokumpu Corporation announced that Marc-Simon Schaar (M.Sc. International Business, Chartered Accountant) has been appointed as Chief Financial Officer as of June 1, 2024. He has been working at Outokumpu since 2011 in senior roles in Business Controlling, Treasury, M&A and Procurement, most recently as Chief Procurement Officer and a member of the leadership team since 2023. Marc-Simon Schaar is a German citizen. He reports to President & CEO Heikki Malinen. Announcement • Apr 10
Outokumpu Oyj Announces Resignation of Pia Aaltonen-Forsell as Chief Financial Officer Outokumpu Oyj announced that Pia Aaltonen-Forsell, CFO and a member of the Leadership Team, has decided to leave Outokumpu in order to pursue a career opportunity outside the company. Pia will continue in her current position until the autumn. Announcement • Apr 05
Outokumpu Oyj Announces Board Appointments Outokumpu Oyj's Board of Directors has at its first meeting appointed two permanent committees, the Audit Committee and the Remuneration Committee, and decided on their composition. To the Remuneration Committee the Board elected Kari Jordanas the Chairman and Heinz Jörg Fuhrmann, Kati ter Horst and Pierre Vareille as members. The Audit Committee is Jyrki Mäki-Kalaas the Chairman and Päivi Luostarinen, Petter Söderströmand Julia Woodhouseas members. Announcement • Apr 04
Outokumpu Oyj Approves Dividend for the Financial Year Ended December 31, 2023, Payable on April 15, 2024 Outokumpu Oyj announced that at its AGM held on April 4, 2024, The Annual General Meeting decided that a dividend of, in total, EUR 0.26 per share be paid based on the balance sheet to be adopted for the financial year ended on December 31, 2023. The dividend will be paid in a single instalment to shareholders registered in the shareholders' register of the company held by Euroclear Finland Oy on the dividend record date April 8, 2024. The dividend will be paid on April 15, 2024. Upcoming Dividend • Mar 29
Upcoming dividend of €0.26 per share Eligible shareholders must have bought the stock before 05 April 2024. Payment date: 15 April 2024. The company is not currently making a profit and its cash payout ratio is 85%. Trailing yield: 6.5%. Within top quartile of British dividend payers (6.0%). Higher than average of industry peers (4.4%). Buy Or Sell Opportunity • Mar 06
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.0% to €3.89. The fair value is estimated to be €5.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Mar 05
Full year 2023 earnings released: €0.26 loss per share (vs €2.40 profit in FY 2022) Full year 2023 results: €0.26 loss per share (down from €2.40 profit in FY 2022). Revenue: €6.96b (down 27% from FY 2022). Net loss: €111.0m (down 110% from profit in FY 2022). Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Declared Dividend • Feb 11
Dividend of €0.26 announced Shareholders will receive a dividend of €0.26. Ex-date: 5th April 2024 Payment date: 15th April 2024 Dividend yield will be 6.2%, which is lower than the industry average of 7.3%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (71% cash payout ratio). The dividend has increased by an average of 15% per year over the past 7 years. However, payments have been volatile during that time. Reported Earnings • Feb 09
Full year 2023 earnings released: €0.25 loss per share (vs €2.40 profit in FY 2022) Full year 2023 results: €0.25 loss per share (down from €2.40 profit in FY 2022). Revenue: €6.96b (down 27% from FY 2022). Net loss: €111.0m (down 110% from profit in FY 2022). Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Feb 08
Outokumpu Oyj Proposes Dividend for the Financial Year Ended December 31, 2023, Payable on April 15, 2024 The board of directors of Outokumpu Oyj proposed to the annual general meeting to be held on April 4, 2024, that a dividend of, in total, EUR 0.26 per share be paid based on the balance sheet to be adopted for the financial year ended on December 31, 2023. The dividend will be paid in a single instalment to shareholders registered in the shareholders' register of the company held by Euroclear Finland Oy on the dividend record date April 8, 2024. Dividend will not be paid to shares held by the company on the dividend record date. The board of directors proposes that the dividend be paid on April 15, 2024. Announcement • Jan 25
Outokumpu Oyj (HLSE:OUT1V) acquired 10% stake in Cronimet North-East GMBH from CRONIMET Holding GmbH. Outokumpu Oyj (HLSE:OUT1V) signed an agreement to acquire 10% stake in Cronimet North-East GMBH from CRONIMET Holding GmbH on November 7, 2023.The completion of the transaction is subject to customary closing conditions and regulatory approvals by the competition authorities. The transaction will be carried out as a share sale.Outokumpu Oyj (HLSE:OUT1V) completed the acquisition of 10% stake in Cronimet North-East GMBH from CRONIMET Holding GmbH on January 24, 2024. Outokumpu has now completed the acquisition of CRONIMET North-East GmbH after having fulfilled customary closing conditions and obtained regulatory approvals. As a shareholder, Outokumpu acts as a strategic partner in CRONIMET’s Northeastern business, while CRONIMET retains full operational control of the companies involved. Announcement • Dec 05
Outokumpu Oyj (HLSE:OUT1V) commences an Equity Buyback Plan for 45,000,000 shares, representing 9.85% of its issued share capital, under the authorization approved on March 30, 2023. Outokumpu Oyj (HLSE:OUT1V) commences share repurchases on December 1, 2023, under the program mandated by the Annual General Meeting held on March 30, 2023. As per the mandate, the company is authorized to repurchase up to 45,000,000 shares representing 9.85% of its issued capital. The price payable for the shares shall be based on the price paid for the company’s shares on the day of repurchase in public trading or otherwise at a price formed on the market. The shares may be repurchased only by using unrestricted equity. The repurchased shares may be held by the company, cancelled, or transferred further. The share repurchase program will expire at the next Annual General Meeting, but no later than May 31, 2024. As of February 9, 2023, the company has 456,874,448 shares issued and 16,494,842 shares in treasury.
On November 29, 2023, the company initiated a repurchase program. Under the program, the company will repurchase up to 11,000,000 shares, representing 2.4% of its share capital, for €50 million. The purpose of the program is to mitigate and manage the dilutive impact of the company's outstanding convertible bonds. The repurchased shares will be initially held by the company as treasury shares and may be used to meet its obligations under the convertible bonds. Alternatively, the company may decide to cancel any or all of the repurchased shares and reduce its capital accordingly. The program will commence at the earliest on December 1, 2023 and end no later than on March 21, 2024. Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €4.42, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 8x in the Metals and Mining industry in the United Kingdom. Total returns to shareholders of 84% over the past three years. Announcement • Nov 15
Outokumpu Oyj (HLSE:OUT1V) signed an agreement to acquire 20% stake in Envigas AB. Outokumpu Oyj (HLSE:OUT1V) signed an agreement to acquire 20% stake in Envigas AB on November 13, 2023. Envigas aims to expand its production capacity by 25,000 tonnes in the first scale-up phase by end of 2026 and Outokumpu has agreed to invest €9.9mn in the company. With the investment, Outokumpu secures a right to 50% of Envigas’ production. Reported Earnings • Nov 09
Third quarter 2023 earnings released: €0.13 loss per share (vs €0.46 profit in 3Q 2022) Third quarter 2023 results: €0.13 loss per share (down from €0.46 profit in 3Q 2022). Revenue: €1.53b (down 35% from 3Q 2022). Net loss: €55.0m (down 127% from profit in 3Q 2022). Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Nov 09
Outokumpu Oyj Provides Operating Guidance for the Fourth Quarter of 2023 Outokumpu Oyj provided operating guidance for the fourth quarter of 2023. Group stainless steel deliveries in the fourth quarter are expected to increase by 0-10% compared to the third quarter as the company sees some recovery in Europe. Announcement • Nov 08
Outokumpu Oyj (HLSE:OUT1V) signed an agreement to acquire 10% stake in Cronimet North-East GMBH from CRONIMET Holding GmbH. Outokumpu Oyj (HLSE:OUT1V) signed an agreement to acquire 10% stake in Cronimet North-East GMBH from CRONIMET Holding GmbH on November 7, 2023.The completion of the transaction is subject to customary closing conditions and regulatory approvals by the competition authorities. The transaction will be carried out as a share sale. Reported Earnings • Aug 06
Second quarter 2023 earnings released: EPS: €0.20 (vs €0.75 in 2Q 2022) Second quarter 2023 results: EPS: €0.20 (down from €0.75 in 2Q 2022). Revenue: €1.91b (down 29% from 2Q 2022). Net income: €89.0m (down 74% from 2Q 2022). Profit margin: 4.7% (down from 13% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 2.6% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Announcement • Jun 08
Outokumpu Oyj Appoints Marc-Simon Schaar as Chief Procurement Officer and Member of Outokumpu Leadership Team Outokumpu Oyj announced the appointment of Marc-Simon Schaar (M.Sc. International Business) as Chief Procurement Officer and member of Outokumpu Leadership Team with immediate effect. Marc-Simon Schaar has been working at Outokumpu since 2011 in senior roles in finance, M&A and raw materials procurement, most recently as SVP, Raw Materials Procurement. Marc-Simon Schaar is based in Germany and reports to CEO Heikki Malinen. Chief Procurement Officer is a new role in the company. Marc-Simon has extensive experience in various areas of Outokumpu which forms a solid basis to succeed in this important role. Work experience: Senior Vice President, Raw Materials: Outokumpu 2021-2023 - Senior Vice President, Treasury, Risk Management, M&A and Investor Relations: Outokumpu 2020-2022 - Senior Vice President, Finance, BA Europe & BA Ferrochrome: Outokumpu 2016-2020 - Senior Vice President, Head of Group Controlling (FP&A), M&A and Management Information Systems: Outokumpu 2014-2016 - Vice President, Head of Special Projects: Outokumpu 2013-2014 - Senior Manager, Accounting, Controlling and Post-Merger Integration: Inoxum 2012-2013 - Manager Transaction Advisory Services: EY 2006-2011. Positions of trust: Member of the Board of Directors: OSTP Holding Oy 04/2017-Chairman of the Finance Committee: Fennovoima Oy 06/2021-09/2022 - Member of the Board of Directors: Outokumpu Nirosta GmbH 08/2014-05/2019. Announcement • May 31
Outokumpu Oyj (HLSE:OUT1V) agreed to acquire 9.9% stake in FPX Nickel Corp. (TSXV:FPX) for €11 million. Outokumpu Oyj (HLSE:OUT1V) agreed to acquire 9.9% stake in FPX Nickel Corp. (TSXV:FPX) for €11 million on May 30, 2023. Reported Earnings • May 10
First quarter 2023 earnings released: EPS: €0.22 (vs €0.56 in 1Q 2022) First quarter 2023 results: EPS: €0.22 (down from €0.56 in 1Q 2022). Revenue: €2.01b (down 27% from 1Q 2022). Net income: €97.0m (down 61% from 1Q 2022). Profit margin: 4.8% (down from 9.1% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 3.0% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 24
Upcoming dividend of €0.35 per share at 4.8% yield Eligible shareholders must have bought the stock before 31 March 2023. Payment date: 12 April 2023. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of British dividend payers (5.6%). Lower than average of industry peers (7.7%). Reported Earnings • Feb 10
Full year 2022 earnings released: EPS: €2.40 (vs €1.26 in FY 2021) Full year 2022 results: EPS: €2.40 (up from €1.26 in FY 2021). Revenue: €9.49b (up 23% from FY 2021). Net income: €1.09b (up 96% from FY 2021). Profit margin: 11% (up from 7.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to decline by 7.6% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improved over the past week After last week's 17% share price gain to €4.74, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Metals and Mining industry in the United Kingdom. Total returns to shareholders of 71% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €4.12 per share. Reported Earnings • Nov 05
Third quarter 2022 earnings released: EPS: €0.46 (vs €0.39 in 3Q 2021) Third quarter 2022 results: EPS: €0.46 (up from €0.39 in 3Q 2021). Revenue: €2.34b (up 27% from 3Q 2021). Net income: €207.0m (up 16% from 3Q 2021). Profit margin: 8.8% (in line with 3Q 2021). Revenue is expected to fall by 13% p.a. on average during the next 3 years compared to a 2.6% decline forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Sep 01
Now 26% undervalued after recent price drop Over the last 90 days, the stock is down 32%. The fair value is estimated to be €5.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 119%. For the next 3 years, revenue is forecast to decline by 13% per annum. Earnings is also forecast to decline by 43% per annum over the same time period. Buying Opportunity • Aug 09
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be €5.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 119%. For the next 3 years, revenue is forecast to decline by 12% per annum. Earnings is also forecast to decline by 41% per annum over the same time period. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: €0.85 (vs €0.30 in 2Q 2021) Second quarter 2022 results: EPS: €0.85 (up from €0.30 in 2Q 2021). Revenue: €2.95b (up 58% from 2Q 2021). Net income: €385.0m (up 198% from 2Q 2021). Profit margin: 13% (up from 6.9% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 4.3% compared to a 15% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €4.79, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 6x in the Metals and Mining industry in the United Kingdom. Total returns to shareholders of 81% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €8.79 per share. Reported Earnings • May 06
First quarter 2022 earnings released: EPS: €0.55 (vs €0.20 in 1Q 2021) First quarter 2022 results: EPS: €0.55 (up from €0.20 in 1Q 2021). Revenue: €2.76b (up 65% from 1Q 2021). Net income: €251.0m (up 206% from 1Q 2021). Profit margin: 9.1% (up from 4.9% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 6.9%, compared to a 7.9% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 09
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: €1.26 (up from €0.28 loss in FY 2020). Revenue: €7.71b (up 37% from FY 2020). Net income: €553.0m (up €669.0m from FY 2020). Profit margin: 7.2% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Over the next year, revenue is forecast to grow 12%, compared to a 8.3% growth forecast for the mining industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Feb 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 1.3%. The fair value is estimated to be €7.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.6% per annum over the last 3 years. The company has become profitable over the last year. Buying Opportunity • Feb 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 1.3%. The fair value is estimated to be €7.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.6% per annum over the last 3 years. The company has become profitable over the last year. Buying Opportunity • Jan 21
Now 21% undervalued Over the last 90 days, the stock is up 14%. The fair value is estimated to be €7.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.6% per annum over the last 3 years. The company has become profitable over the last year. Reported Earnings • Nov 05
Third quarter 2021 earnings released: EPS €0.40 (vs €0.15 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €1.95b (up 55% from 3Q 2020). Net income: €182.0m (up €245.0m from 3Q 2020). Profit margin: 9.3% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Reported Earnings • Aug 06
Second quarter 2021 earnings released: EPS €0.30 (vs €0.089 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €1.87b (up 32% from 2Q 2020). Net income: €129.0m (up €166.0m from 2Q 2020). Profit margin: 6.9% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Reported Earnings • May 07
First quarter 2021 earnings released: EPS €0.20 (vs €0.053 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €1.67b (up 3.6% from 1Q 2020). Net income: €82.0m (up 273% from 1Q 2020). Profit margin: 4.9% (up from 1.4% in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 116 percentage points per year, which is a significant difference in performance. 
