Pressmeddelanden, rapporter och bolagsmeddelande för Outokumpu Oyj

Kati ter Horst will assume the role of President and CEO of Outokumpu Corporation on October 1, 2024, leading to her resignation as a member and vice chairman of the board of directors. Following her resignation, the board will have seven members, and a new vice chairman will be elected at the 2025 annual general meeting. Heikki Malinen will step down as President and CEO on September 30, 2024. Outokumpu is a global leader in sustainable stainless steel, emphasizing a circular economy with products made from 95% recycled materials and a commitment to mitigating climate change. The company employs around 8,500 professionals in nearly 30 countries, with headquarters in Helsinki, Finland, and is listed on Nasdaq Helsinki.

On August 22, 2024, Outokumpu Corporation announced that Varma Mutual Pension Insurance Company’s holdings in Outokumpu shares and voting rights exceeded the 5% threshold, reaching 5.18% as of August 21, 2024. Previously, Varma's holdings were below the minimum threshold. Outokumpu has a total of 456,874,448 shares, each carrying one vote, and currently holds 33,188,820 treasury shares. For further information, investors can contact Ulla Paajanen, SVP of Investor Relations and Strategic Advisory, and media inquiries can be directed to Päivi Allenius, SVP of Communications and Brand, or the Outokumpu media desk. Outokumpu, a leader in sustainable stainless steel, focuses on the circular economy, producing steel from 95% recycled materials and aiming for a 1.5°C climate target with a significantly lower carbon footprint than the industry average. The company employs approximately 8,500 professionals in nearly 30 countries, with headquarters in Helsinki, Finland, and is listed on Nasdaq Helsinki.

Outokumpu Corporation announced a manager transaction involving Jyrki Mäki-Kala, a member of the Board of Directors, in compliance with the EU Market Abuse Regulation. Detailed information about the transaction is available. Outokumpu, a global leader in sustainable stainless steel, bases its business on the circular economy, using 95% recycled materials to produce fully recyclable stainless steel. The company supports climate change mitigation with a carbon footprint up to 75% lower than the industry average. Outokumpu employs around 8,500 professionals in nearly 30 countries, with headquarters in Helsinki, Finland, and is listed on Nasdaq Helsinki. For more information, visit www.outokumpu.com.

Outokumpu Corporation released its half-year report for January–June 2024, noting improved profitability in Q2 driven by its Europe business area. Key highlights include the appointment of Kati ter Horst as the new President and CEO, effective by October 9, 2024, succeeding Heikki Malinen. The report details a significant impact from a political strike in Finland, which affected EBITDA by approximately EUR 60 million in H1 2024. Despite challenges, including a tight scrap market and operational disruptions, stainless steel deliveries increased in Q2. Sales in Q2 2024 were EUR 1,540 million, a decrease from EUR 1,911 million in Q2 2023. Adjusted EBITDA in Q2 2024 was EUR 56 million, down from EUR 190 million in Q2 2023. The company's outlook for Q3 2024 anticipates stable stainless steel deliveries and adjusted EBITDA at similar or higher levels compared to Q2 2024. A live webcast and conference call were scheduled for August 8, 2024, to discuss the results.

Outokumpu Corporation announced that Rolf Schencking will be appointed as President of the business line Advanced Materials and will join the Outokumpu Leadership Team starting October 1, 2024. He will succeed Thomas Anstots, who is retiring at the end of 2024. Schencking, who has extensive experience in the metal industry and currently serves as Chief Technology Officer at VDM, will be based in Krefeld, Germany. Outokumpu's President and CEO, Heikki Malinen, expressed gratitude to Anstots for his service and welcomed Schencking to the team. Outokumpu is a leader in sustainable stainless steel, emphasizing a circular economy with products made from 95% recycled materials. The company employs approximately 8,500 people across nearly 30 countries, with headquarters in Helsinki, Finland.