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Outokumpu

3.78 EUR+0.59 %11.11, 17.29
13,470 following

OUT1V

NASDAQ Helsinki

Metals & Mining

Basic Materials

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Financials & Estimates
Dividend
Short Selling
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+0.59 %
-26.39 %
-34.03 %
-32.98 %
-15.63 %
-0.94 %
+3.14 %
-35.47 %
-86.08 %

Outokumpu is a manufacturer of stainless steel and the group offers specialized solutions for various industrial purposes. The steel is used in tools, industrial infrastructure, and medical equipment. Customers are found on a global level, primarily in Europe and North America. Sales take place via global sales and service centers. The head office is located in Helsinki.

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Market cap
1.79B EUR
Turnover
7.4M EUR
P/E (adj.) (26e)
79.1
EV/EBIT (adj.) (26e)
30.48
P/B (26e)
0.53
EV/S (26e)
0.35
Dividend yield-% (26e)
3.44 %
Coverage
Recommendation
Reduce
Target price
4.20 EUR
Updated
07.11.2026
Petri Gostowski
Petri Gostowski

Co. Head of Research

Latest research

Latest analysis report

Released: 07.11.2026

Revenue and EBIT-%
EPS and dividend
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Business risk
Valuation risk
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Forum discussions
@Realmcrusader already partly answered that, but Europe’s weak earnings performance is due, among other things, to the fact that at current demand levels it is being operated at a low utilization rate. In other words, demand from Outokumpu’s customers is low relative to the Tornio...
yesterday
by Petri Gostowski
12
Having followed Outokumpu’s roller-coaster ride for years and owning a few shares, you kind of start wondering whether management is completely at the mercy of cyclicality. It’s true that times are tough, but the latest guidance, for instance, is baffling—they should have reacted...
11/9/2026, 7:54 PM
by boomeri
8
Ilkka Sinervä has written about Outokumpu, quoting Hannu Angervuo in his article Kari Jordan, known from the forest industry, started as Chairman of the Board of Outokumpu in 2018. “Perhaps retail investors should still wait for the next moves from Outokumpu’s management and board...
11/9/2026, 3:44 PM
by Sijoittaja-alokas
7
As an owner of this company, you have to be prepared for your portfolio to melt down. At one point, I also bought into the assurances from Outokumpu’s management at the time that a more stable and steady future lay ahead, as long as the balance sheet was fixed first. Well, the balance...
11/9/2026, 12:21 PM
by veikkan
7
The earnings report was otherwise okay, but the Q4 guidance was bad—downright terrible. It feels like everyone was completely clueless about this, though of course the shareholder list showed major institutions that had managed to trim their positions at just the right time. I’d ...
11/9/2026, 10:47 AM
by Ruukie
5
Yeah, I believe that even if it’s somewhat in the red, it’s still worth keeping the plant running since it does cover fixed costs after all. You also have to consider that goods still need to be delivered to customers. I’ll have to get an update on that production flexibility next...
yesterday
by Petri Gostowski
4
Thanks for the reply. If EBITDA is barely positive, wouldn’t it already make sense to idle the plants? Especially if/when electricity prices rise. Or at least some smelters, etc. After all, it doesn’t make sense to run anything with a negative EBITDA. That weakness in Europe likely...
yesterday
by Janne
2
Read more on our forum
Revenue and EBIT-%

Revenue B

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Outokumpu Q3'26: Europens markedssituation er meget udfordrende
Research07.11.2026, 11.00
by Petri Gostowski

Outokumpu Q3'26: Europens markedssituation er meget udfordrende

Outokumpu nåede i Q3 et resultat som forventet, men en meget svag kortfristet guidance og et afdæmpet europæisk markedsudsigt tyngede vores estimater betydeligt.

Outokumpu
Outokumpu Q3'26 preview: Differences between continents9:05
Video06.11.2026, 16.00
by Iikka Numminen

Outokumpu Q3'26 preview: Differences between continents

A weaker-than-expected outlook overshadowed Outokumpu's earnings report.

Outokumpu
Outokumpu, Webcast, Q3'26
Webcast06.11.2026, 13.30

Outokumpu, Webcast, Q3'26

Outokumpu

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Regulatory press release06.11.2026, 08.00

Outokumpu interim report January-September 2026 - Solid third quarter profitability and EVOLVE strategy progressing well

Outokumpu
Outokumpu Q3’26 preview: Resultatet stiger fra et lavt sammenligningsgrundlag
Analyst Comment04.11.2026, 06.50
by Petri Gostowski

Outokumpu Q3’26 preview: Resultatet stiger fra et lavt sammenligningsgrundlag

Vi estimerer, at selskabets indtjening er stigning fra den svage sammenligningsperiode og har holdt sig på et niveau svarende til det foregående kvartal i overensstemmelse med selskabets kortsigtede forventninger.

Outokumpu
Analyst Comment14.09.2026, 06.51

Børsaktionærens uge | Industri & Ingeniørvirksomheder 11.9.2026

Præsentationerne fra Børsinvestoruquens traditonsrige Industri & Ingeniørvirksomheder-dag kan ses på inderesTV.

FortumEnersense InternationalMetsä BoardEndomines FinlandOutokumpuKalmarKoneMetso
Regulatory press release31.07.2026, 10.00

Changes in Outokumpu Leadership Team - Matthieu Jehl appointed as President, business area Europe

Outokumpu
Outokumpu Q2'26: Retningen er den rigtige, tempoet er langsommere end forventet
Research30.07.2026, 21.45
by Petri Gostowski

Outokumpu Q2'26: Retningen er den rigtige, tempoet er langsommere end forventet

Outokumpus Q2-regnskabsmeddelelse overgik vores estimater, men lå på samme skala under konsensusestimatet.

Outokumpu
Outokumpu, Webcast, Q2'26
Webcast30.07.2026, 13.30

Outokumpu, Webcast, Q2'26

Outokumpu
Regulatory press release30.07.2026, 08.00

Outokumpu half-year report January-June 2026 - Improved profitability while progressing on EVOLVE growth strategy

Outokumpu
Outokumpu Q2'26 preview: Retningen er den rigtige på trods af et dystert driftsmiljø
Analyst Comment28.07.2026, 07.13
by Petri Gostowski

Outokumpu Q2'26 preview: Retningen er den rigtige på trods af et dystert driftsmiljø

Vi estimerer, at resultatet er forbedret i begyndelsen af året takket være en let stigning i leveringsmængder og højere priser.

Outokumpu
Regulatory press release04.06.2026, 11.00

Outokumpu - Manager transaction: Johann Steiner

Outokumpu
Regulatory press release02.06.2026, 09.00

Outokumpu - The composition of the Shareholders' Nomination Board

Outokumpu
Regulatory press release15.05.2026, 11.00

Outokumpu - Manager transaction: Päivi Luostarinen

Outokumpu
Regulatory press release15.05.2026, 11.00

Outokumpu - Manager transaction: Julia Woodhouse

Outokumpu
Regulatory press release15.05.2026, 11.00

Outokumpu - Manager transaction: Jenni Lukander

Outokumpu
Regulatory press release15.05.2026, 11.00

Outokumpu - Manager transaction: Hilde Merete Aasheim

Outokumpu
Regulatory press release15.05.2026, 11.00

Outokumpu - Manager transaction: Timo Ritakallio

Outokumpu
Regulatory press release15.05.2026, 11.00

Outokumpu - Manager transaction: Petter Söderström

Outokumpu
Regulatory press release15.05.2026, 11.00

Outokumpu - Manager transaction: Olavi Huhtala

Outokumpu