Pressmeddelanden, rapporter och bolagsmeddelande för Outokumpu Oyj

Outokumpu Corporation has announced a €40 million investment in a biocarbon production plant in Sassnitz, Germany, aimed at reducing its direct emissions by replacing fossil raw materials. Scheduled for commissioning in the first half of 2026, the plant will produce 15,000 tonnes of biocarbon annually from waste wood, serving as feedstock for biocoke used in Outokumpu’s ferrochrome production in Finland. The investment is part of Outokumpu’s strategy to cut its emission intensity by 42% by 2030 from 2016 levels, and to prepare for potential changes in the European Emissions Trading System. The company is also exploring other technologies and carbon capture to further reduce emissions. The new plant will also utilize side stream gases to generate heat and electricity, enhancing the financial viability of the project. Outokumpu is committed to sustainable practices, with its stainless steel having up to 75% lower carbon footprint than the global average.

Outokumpu Corporation announced the approval of its share-based programs, the Performance Share Plan (PSP) and Restricted Share Pool (RSP), for 2025–2027. The PSP's criteria are based on Outokumpu's return on capital employed and CO2 emissions per ton of crude steel, with a maximum of 200 key employees and 3,700,000 gross shares. The RSP is for specific employee situations, with a maximum of 250,000 gross shares. Share rewards will be distributed between 2026 and 2028, subject to conditions. Outokumpu, a leader in sustainable stainless steel, focuses on recycling and reducing carbon emissions, with operations in nearly 30 countries and headquarters in Helsinki, Finland.

Outokumpu Corporation announced its schedule for financial reports in 2025, with the annual report for 2024 set to be published during week 10. The Annual General Meeting is tentatively planned for April 3, 2025, pending a decision by the Board of Directors. Outokumpu focuses on sustainable stainless steel production, utilizing 95% recycled materials and achieving a carbon footprint up to 75% lower than the industry average. The company is committed to the 1.5°C climate target and employs around 8,500 people in nearly 30 countries, with headquarters in Helsinki, Finland. Its shares are listed on Nasdaq Helsinki.

Outokumpu Corporation announced that Niklas Wass, President of the business line Stainless Europe and a member of the Leadership Team, will leave the company to pursue an opportunity elsewhere. He will remain in his position until March 31, 2025, and the search for his successor will begin immediately. Kati ter Horst, President & CEO of Outokumpu, thanked Wass for his over 20 years of service and his contributions to sustainability and innovation. Outokumpu, a leader in sustainable stainless steel, emphasizes its commitment to the circular economy and climate targets, producing steel with a significantly lower carbon footprint. The company employs around 8,500 people in nearly 30 countries and is headquartered in Helsinki, Finland, with shares listed on Nasdaq Helsinki.

Outokumpu Corporation reported a solid third-quarter performance for 2024, with an increase in adjusted EBITDA to EUR 86 million, driven by strong results in Europe and the Ferrochrome business. Stainless steel deliveries decreased by 2% compared to the previous quarter, impacted by increased imports in Europe and North America, which pressured prices. Despite these challenges, Outokumpu maintained strong market positions. The company's President & CEO, Kati ter Horst, emphasized priorities such as reinforcing operational performance and financial discipline amid challenging market conditions. The third quarter saw a decrease in sales to EUR 1,518 million, with higher realized prices in Europe offset by lower prices in the Americas. Outokumpu's net result improved to EUR 20 million. Looking ahead, the company expects a decrease in stainless steel deliveries and lower adjusted EBITDA in the fourth quarter due to market deterioration and scheduled maintenance. The company remains committed to sustainability, maintaining a recycled material content of 95% and aiming for the first carbon-neutral chrome mine by 2025. Outokumpu employs around 8,500 people globally and is headquartered in Helsinki, Finland.