PR Newswire
Outokumpu Corporation Press release/Investor News February 13, 2025 at 8.50 am EET
HELSINKI, Feb. 13, 2025 /PRNewswire/ -- On August 3, 2023, Outokumpu communicated that in the next strategy phase, commencing in 2026, the focus will be on strengthening the company's market position further and developing more globally diversified operations. As part of that, the company announced it was seeking to increase its existing cold rolling capacity.
Based on an extensive feasibility study, Outokumpu has decided not to invest in the expansion of its cold rolling capacity in the U.S. at this point of time. However, in line with earlier communication, the company has set a target to increase its cold rolling capacity in business area Americas by 80 kilotons through focused de-bottlenecking investments and productivity improvements by the end of 2025. Outokumpu remains well on track to reach this target, having achieved a total 65 kiloton increase at the end of 2024.
HELSINKI, Feb. 13, 2025 /PRNewswire/ --
Highlights in Q4 2024
Stainless steel deliveries were 422,000 tonnes (450,000 tonnes)*.Adjusted EBITDA amounted to EUR -3 million (EUR 72 million).EBITDA was EUR -12 million (EUR 15 million).ROCE amounted to -1.2% (-2.1%).Free cash flow was EUR 33 million (EUR 156 million incl. discontinued operations).Earnings per share was EUR -0.07 (EUR -0.56).On October 1, 2024, Kati ter Horst started as the new President and CEO of Outokumpu.On December 12, 2024, Outokumpu issued a negative profit warning as its fourth-quarter adjusted EBITDA was expected to be close to break-even or turn negative.HELSINKI, Oct. 30, 2024 /PRNewswire/ --
Highlights in Q3 2024
Stainless steel deliveries were 459,000 tonnes (449,000 tonnes)*.Adjusted EBITDA amounted to EUR 86 million (EUR 51 million).EBITDA was EUR 81 million (EUR 18 million).ROCE amounted to -7.1% (5.3%).Free cash flow was EUR -113 million (EUR -24 million incl. discontinued operations).Earnings per share was EUR 0.05 (EUR -0.13).On July 9, 2024, Kati ter Horst was appointed as the President and CEO of Outokumpu and she started after the reporting period on October 1, 2024.The information provided here is not subject to any editorial processing. It is prepared fully automatically and enriched with additional information and further research options. The aim of the content is to provide information seekers with the relevant information quickly and easily. A link back to the information provider and owner ensures that the data prepared here can be compared with the source information if required. The newsboard does not show information in real time. Please contact the exchange operator for this information if required. There is no claim to completeness. High availability cannot be guaranteed. If you notice any errors in the functionality, please let us know using the "Report a Bug" form below.
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