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    OUT1V   FI0009002422

OUTOKUMPU OYJ

(OUT1V)
  Report
Delayed Nasdaq Helsinki  -  11:29 2022-09-28 am EDT
3.614 EUR   -1.20%
09/26Outokumpu restates consolidated statement of income and relevant Group and segment key figures for 2021 and first half of 2022 to reflect the divestment of majority of its Long Products business
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09/16Outokumpu Oyj : appoints Henrik Rodenström as SVP – Treasury
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09/15Moody's Lifts Finland-based Outokumpu's Outlook to Positive on Improved Credit Metrics
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Outokumpu Oyj : divests its Aalten service center to Roba Holding

06/27/2022 | 08:05am EDT
Outokumpu divests its Aalten service center to Roba Holding

Outokumpu Oyj
News
June 27, 2022

Outokumpu divests its Aalten service center to Roba Holding

Outokumpu is divesting its plate service center in Aalten, 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 continues 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, which we estimate will 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.

"Roba Metals is a familiar company to us at Aalten and surely our good relationship bodes well for joining our operations. Our products and services, as well as our contact peopleat Aalten, will remain the same going forward," says Eric Bartels, head of the Aalten PSC.

"Through this transaction, we are combining our forces with our customers, which 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 mill's," says Antti Maununiemi, VP, Corporate Finance & M&A at Outokumpu.

Disclaimer

Outokumpu Oyj published this content on 27 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 June 2022 12:04:02 UTC.


© Publicnow 2022
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Sales 2022 10 108 M 9 748 M 9 748 M
Net income 2022 815 M 786 M 786 M
Net cash 2022 323 M 312 M 312 M
P/E ratio 2022 2,07x
Yield 2022 8,32%
Capitalization 1 636 M 1 578 M 1 578 M
EV / Sales 2022 0,13x
EV / Sales 2023 0,13x
Nbr of Employees 9 173
Free-Float 79,8%
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Mean consensus OUTPERFORM
Number of Analysts 14
Last Close Price 3,61 €
Average target price 5,67 €
Spread / Average Target 56,9%
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Managers and Directors
Heikki Pekka Mikael Malinen President & Chief Executive Officer
Pia Aaltonen-Forsell Chief Financial Officer
Kari Alpo Erik Jordan Chairman
Stefan Erdmann Chief Technology Officer
Pierre Vareille Independent Director
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