Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Finland
  4. Nasdaq Helsinki
  5. Outokumpu Oyj
  6. News
  7. Summary
    OUT1V   FI0009002422

OUTOKUMPU OYJ

(OUT1V)
  Report
Delayed Nasdaq Helsinki  -  11:29:35 2023-01-31 am EST
5.246 EUR   -0.64%
01/31ABBN, Sandvik, Outukumpu Face Technology Industry Strike in Finland
MT
01/31Finnish tech industry strike to begin on Wednesday
RE
01/27Several Finnish unions plan strikes in February over wage disputes
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Outokumpu Oyj : emission-minimized stainless steel gaining share in the industry - cooperation with steel distributor Kl÷...

12/07/2022 | 02:12am EST
Outokumpu's emission-minimized stainless steel gaining share in the industry - cooperation with steel distributor Klöckner & Co started

Outokumpu Oyj
Press release
December 7, 2022 at 9.00 EET

Outokumpu's emission-minimized stainless steel gaining share in the industry - cooperation with steel distributor Klöckner & Co started

Outokumpu has ambitious targets in terms of sustainability and is further shaping the stainless steel market by setting a new benchmark with its Circle Green product line, launched in June 2022. Outokumpu is starting cooperation with Klöckner & Co, one of the largest producer-independent distributors of steel and metal products, by delivering the first coil made of emission-minimized stainless steel. From 2023 onwards, the companies intend to supply larger quantities of the product.


Heikki Malinen, CEO of Outokumpu, and Guido Kerkhoff, CEO of Klöckner & Co, at Outokumpu's finishing plant in Terneuzen, the Netherlands.

"After securing significant quantities of CO2-reduced steel at an early stage, we are now also committed to increasing the availability of other CO2-reduced metals for our customers - Outokumpu's first CO2-minimized stainless steel coil is another important step for our company in the right direction. With this we enable even more of our customers to build sustainable value chains already today and strengthen our position as a pioneer of sustainability," says Guido Kerkhoff, CEO of Klöckner & Co.

Outokumpu's Circle Green is classified in the best, so-called 'Prime' category in Klöckner & Co's new categorization for stainless steel. By this collaboration, Klöckner & Co will be able to significantly expand its portfolio of CO2-reduced materials, services, and logistics under the new umbrella brand Nexigen®.

Outokumpu's Circle Green production was the first of its kind globally, as no other stainless steel manufacturer has been able to produce stainless steel with such low emission levels when taking into account all the climate emissions from raw material extraction through the whole production chain. Circle Green is available today and will contribute to further decarbonizing the industry sector.

"We want to help our customers and partners to develop solutions that reduce climate burden by means of the right material choices. Earlier this year, we launched our emission-minimized product, Circle Green, which has attracted interest and created demand among our customers across segments. We are pleased to cooperate with Klöckner & Co - both companies are united by our strong aspirations for a sustainable metal sector, which we are once again getting closer to with our collaboration. Partnering around sustainability offers the possibility to cut emissions and help companies to reach their climate targets," says Heikki Malinen, President and CEO of Outokumpu.

For more information:

Päivi Allenius, VP - Communications & Brand, tel. +358 40 753 7374
Outokumpu media desk, tel. +358 40 351 9840, e-mail media@outokumpu.com

Christian Pokropp, Head of Corporate Communications at Klöckner & Co, tel. +49 203 307-2050,
e-mail christian.pokropp@kloeckner.com

About Klöckner & Co:

Klöckner & Co is one of the largest producer-independent distributors of steel and metal products and one of the leading steel service companies worldwide. Based on its distribution and service network of around 140 locations in 13 countries, Klöckner & Co supplies more than 100,000 customers. Currently, the Group has around 7,300 employees. Klöckner & Co had sales of some €7.4 billion in the fiscal year 2021. By expanding its portfolio of CO2-reduced materials, services and logistics under the new umbrella brand Nexigen®, the company is underlining its ambition as a pioneer of a sustainable steel industry. At the same time, as a pioneer of the digital transformation in the steel industry, Klöckner & Co has set itself the goal of digitalizing and largely automating its supply and service chain. In this way, the company aims to become the leading digital one-stop shop platform for steel, other materials, equipment and processing services in Europe and America.

The shares of Klöckner & Co SE are admitted to trading on the regulated market segment (Regulierter Markt) of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) with further post-admission obligations (Prime Standard). Klöckner & Co shares are listed in the SDAX® index of Deutsche Börse.

About Outokumpu:

Outokumpu is the global leader in stainless steel. The foundation of our business is our ability to tailor stainless steel into any form and for almost any purpose. Stainless steel is sustainable, durable and designed to last forever. Our customers use it to create civilization's basic structures and its most famous landmarks as well as products for households and various industries. Outokumpu employs some 9,000 professionals in more than 30 countries, with headquarters in Helsinki, Finland and shares listed in Nasdaq Helsinki. www.outokumpu.com

Attachments

Disclaimer

Outokumpu Oyj published this content on 07 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 December 2022 07:11:01 UTC.


ę Publicnow 2022
All news about OUTOKUMPU OYJ
01/31ABBN, Sandvik, Outukumpu Face Technology Industry Strike in Finland
MT
01/31Finnish tech industry strike to begin on Wednesday
RE
01/27Several Finnish unions plan strikes in February over wage disputes
RE
01/26Outokumpu Oyj : publishes its financial statements release 2022 and arranges a webcast on ..
PU
01/19Outokumpu to Resume Ferrochrome Furnace Ahead of Schedule
MT
01/19Outokumpu Oyj : restarts the third ferrochrome furnace earlier than planned but continues ..
PU
01/04Global markets live: Microsoft, Nvidia, Cisco, Salesforce, Rivian...
MS
01/04Transcript : Outokumpu Oyj - Special Call
CI
01/03Steelmaker Outokumpu Closes EUR228 Million Sale of Certain Long Products Units
MT
01/03Outokumpu has completed the divestment of majority of its Long Products business
AQ
More news
Analyst Recommendations on OUTOKUMPU OYJ
More recommendations
Financials
Sales 2022 9 715 M 10 552 M 10 552 M
Net income 2022 926 M 1 005 M 1 005 M
Net Debt 2022 27,5 M 29,9 M 29,9 M
P/E ratio 2022 2,71x
Yield 2022 4,94%
Capitalization 2 316 M 2 516 M 2 516 M
EV / Sales 2022 0,24x
EV / Sales 2023 0,23x
Nbr of Employees 8 602
Free-Float 79,9%
Chart OUTOKUMPU OYJ
Duration : Period :
Outokumpu Oyj Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends OUTOKUMPU OYJ
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Last Close Price 5,25 €
Average target price 5,43 €
Spread / Average Target 3,52%
EPS Revisions
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
Sector and Competitors
1st jan.Capi. (M$)
OUTOKUMPU OYJ10.89%2 516
NUCOR CORPORATION26.22%42 092
ARCELORMITTAL17.66%25 644
STEEL DYNAMICS, INC,21.89%20 909
NIPPON STEEL CORPORATION17.89%19 085
POSCO HOLDINGS INC.8.68%18 711