Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on OUTOKUMPU OYJ. We currently have 7 research reports from 1 professional analysts.
Frequency of research reports
Research reports on
Q3 16 : signs of hope
03 Nov 16
Outokumpu released its Q3 16 results. Sales reached €1,419m (-4.6% yoy, +2.9% qoq), EBITDA €119m (vs €3m in Q3 15 and €62m in Q2 16), EBIT €40m (vs €-77m in Q3 15 and €6m in Q2 16) and the net result €13m (vs €-113m in Q3 15 and €-20m in Q2 16). Over 9 months, sales reached €4,183m (-15.5%), EBITDA €227m (vs €123m), EBIT €34m (vs €-113m) and the net result €-48m (vs €-222m). Net debt at the end of Q3 was €1,396m (vs €1,485m in Q2 16 and €2,012m last year).
H1 16 in line, more time needed to reach industry standards
26 Jul 16
Outokumpu has just released H1 16 numbers. Sales reached €2,765m (-20.2%), EBITDA €108m vs €120m (-10%), EBIT €-6m (vs €-36m) and net €-61m (vs €-107m). Net debt at the end of Q2 reached €1,485m (€1,551m in Q1 and €2,116m at year-end 2015. Note the underlying EBIT (i.e. without special items) reached €-25m in H1 vs €-23m in H1 15 and €-20m in Q1 16. Note the top-line is impacted by the SKS disposal. The lfl decline in sales is -14.% (vs -20.2% published).
Rather weak Q1 16 results.
27 Apr 16
Sales reached €1,386m (-21.6%), EBITDA €46m (-29%), underlying EBITDA €38m (-50%), EBIT €-12m (-20%), net result €-41m vs €-45m). Net debt at the end of Q1 stood at €1,551m (vs €2,034 a year ago and €1,610m at the end of Q4 15). For Q2, the group expects stainless steel market conditions to remain challeging, despite some improvement in the US, while the results will be burdened by weak ferrochrome prices. Altogether, Outokumpu expects flat volumes and a similar level of underlying EBIT, while a €40m charge will be booked in redundancy provisions as part of the €100m savings plan.
FY15 in line, while the outlook is cautious
11 Feb 16
Outkumpu released its FY15 results. Sales reached €6,384m (-6.7%), EBITDA totalled €531m (vs €104m), EBIT €228m (vs €-243m) and the net result €86m (vs €-439m). Underlying EBITDA (excluding special items) reached €196m vs €232m in FY14 and EBIT €-132m. Net debt at the end of FY15 was €1.61bn vs €1.974bn a year earlier, after the disposal of SKS. Note the capital gain on this disposal (€409m) is included in the EBITDA and EBIT released which look artificially high. No dividend will be paid.
Tough Q3 15
05 Nov 15
Outokumpu’s Q3 highlights: revenues were down 12.3% sequentially to €1,487m (and -17.4% yoy), EBITDA reached €3m (vs €55m in Q2 and €67m in Q3 14), EBIT was €-77m (vs €-26m in Q2 and €-9m a year ago) and the net result reached €-115m (€-62m in Q2 and €-77m in Q3 14). Net debt at the end of Q3 was €2,012m (vs €2,116m in H1). Note this is before the positive impact of the SKS disposal. Lastly, the group reminded that the CEO Mika Seitovirta will step down and be replaced by Roeland Bann as from 1 January 2016.
Significant disposal in China
19 Oct 15
Outokumpu announced it has signed an agreement with Lujiazui International Ltd regarding Shanghai Krupp Stainless Co. (SKS) in China. SKS is a Shanghai-based joint venture between Outokumpu and Baosteel, holding 60% and 40% respectively. Being part of Outokumpu’s APAC business area, SKS has a cold-rolling capacity of 290,000 tonnes and the mill employs over 450 people.
GMP FirstEnergy ― UK Energy morning research package
06 Dec 16
Transglobe Energy (TGL CN); BUY, C$5.25: Homeward bound… back to Canada | Great Eastern Energy Corporation (GEEC LN) (not covered): Reserves update in India | BP (BP LN) (not covered): Acquiring interest in Tangguh in Indonesia | Exillon Energy (EXI LN) (not covered): Production update in Russia | Genel Energy (GENL LN); SPECULATIVE BUY, £2.60: Receipt of payment for Taq Taq export in Kurdistan | ExxonMobil (XOM US) (not covered): Relinquishing blocks in Kurdistan
The Slide Rule
12 Jan 17
What is The Slide Rule? The Slide Rule has been designed to dramatically simplify the identification of the best companies in the UK small/mid-cap sector by making a quantitative assessment of the relative potential of each company. At its core, The Slide Rule aims to identify those companies that create genuine shareholder value through strong returns on capital and solid growth, but also present a value opportunity with the potential tailwind of earnings momentum. Companies are assessed within a Quality, Value, Growth and Momentum (QVGM) framework.
The Monthly January 2017
09 Jan 17
Despite all the hullaballoo of the Brexit vote and the subsequent election of Donald Trump as the next US President, the UK stock market prospered last year, especially in the latter few months of 2016. The combination of a depreciating currency – making $ earnings more valuable in relative terms - and the Trump emphasis on infrastructure expenditure drove the stock market higher
16 Jan 17
We take a look at the rankings of the various countries in Africa that have a significant exposure to mining. We take the Transparency International corruption rankings as our starting point and modify these for exceptional geology and for current UK government travel warnings. Ghana, Botswana and Namibia come out as our top three, with Eritrea, Kenya and Zimbabwe at the bottom of our rankings.
Small Cap Breakfast
17 Jan 17
Global Energy Development (GED.L) — To be renamed Nautilus Marine Services. Schedule 1 from developer and seller of hydrocarbons and related products. Reverse takeover. Raising $10.5m via a convertible. Expected 9 Feb. Eco (Atlantic) Oil & Gas—TSX-V listed oil and gas exploration has announced its intention to float on AIM. Assets in Guyana and Namibia. Proposed £2m-£3m fundraise. Diversified Gas & Oil—According to LSE website first day of trading on AIM now expected for 30 January.