Outokumpu

OUTOKUMPU NEWSROOM (142 press releases)

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Outokumpu Completes Share Repurchases, Holds 25.9 Million Treasury Shares

PRESS RELEASE -- 30, December 2023

(IN BRIEF) On December 28, 2023, Outokumpu concluded its share repurchase program, acquiring a total of 169,699 of its own shares across various trading venues. The buyback program, which had a maximum limit of 11 million shares and was authorized … Read the full press release

Outokumpu Completes Share Repurchase, Adding 158,885 Treasury Shares

PRESS RELEASE -- 29, December 2023

(IN BRIEF) On December 27, 2023, Outokumpu finalized its share repurchase program, acquiring its own shares as per the following breakdown: 58,492 shares on CEUX at a weighted average price of EUR 4.5323 per share, 99,377 shares on XHEL at … Read the full press release

Outokumpu Completes Repurchase of 156,771 Own Shares as Part of EUR 50 Million Buyback Program

PRESS RELEASE -- 27, December 2023

(IN BRIEF) On December 22, 2023, Outokumpu successfully concluded the repurchase of its own shares in accordance with its share buyback program, as previously announced on November 29, 2023. The program, authorized by the Annual General Meeting, allows for the … Read the full press release

Outokumpu Completes Share Repurchases Under €50 Million Buyback Program

PRESS RELEASE -- 22, December 2023

(IN BRIEF) On December 20, 2023, Outokumpu has successfully concluded its share repurchases as part of its buyback program. The buyback program, announced on November 29, 2023, allowed the company to repurchase up to 11 million shares with a maximum … Read the full press release

Diversity Boost: Tamara Weinert’s Nomination for BASF Supervisory Board

PRESS RELEASE -- 20, December 2023

(IN BRIEF) BASF SE’s Supervisory Board has nominated Tamara Weinert (58), currently President and CEO of Business Area Americas at Outokumpu in the United States, as a shareholder representative on the Supervisory Board. The election is scheduled for the Annual … Read the full press release

Outokumpu Acquires EUR 765,290 Worth of Its Own Shares in Buyback Program

PRESS RELEASE -- 20, December 2023

(IN BRIEF) Finnish stainless steel manufacturer Outokumpu has concluded its share repurchase program, acquiring a total of 169,994 of its own shares across various trading venues at an average price of EUR 4.5 per share. The program, which had been … Read the full press release

Outokumpu Completes Share Repurchase Program, Acquiring 163,476 Shares to Strengthen Financial Position

PRESS RELEASE -- 18, December 2023

(IN BRIEF) Outokumpu has completed the repurchase of its own shares as part of a share buyback program announced on November 29, 2023. The company repurchased a total of 163,476 shares on December 15, 2023, at a weighted average price … Read the full press release

Outokumpu to Invest EUR 30 Million in Biocoke Pelletizing Plant for Green Steel Production in Tornio, Finland

PRESS RELEASE -- 18, December 2023

(IN BRIEF) Outokumpu, a global leader in sustainable stainless steel production, is investing approximately EUR 30 million in a pelletizing plant for biocoke in Tornio, Finland, with production set to start in mid-2025. The move aims to reduce direct emissions … Read the full press release

Outokumpu Completes Share Repurchase Program, Acquiring 157,620 Treasury Shares

PRESS RELEASE -- 16, December 2023

(IN BRIEF) Outokumpu has successfully completed its share repurchase program, acquiring a total of 157,620 treasury shares across multiple trading venues at an average price of EUR 4.46 per share. The program, announced on November 29, 2023, allowed for the … Read the full press release

Outokumpu Unveils Share-Based Programs for 2024–2026 with Focus on Sustainability and Performance

PRESS RELEASE -- 16, December 2023

(IN BRIEF) Outokumpu’s Board of Directors has approved the initiation of the company’s share-based programs, the Performance Share Plan (PSP) and Restricted Share Pool (RSP), for the period spanning from 2024 to 2026. These programs will commence at the beginning … Read the full press release

Outokumpu, ZWILLING, and STAHL KREBS Collaborate to Reduce Carbon Footprint of Stainless Steel Knives

PRESS RELEASE -- 15, December 2023

(IN BRIEF) Outokumpu, a global leader in sustainable stainless steel, has partnered with ZWILLING, a leading supplier of high-quality kitchen products, and steel trading company STAHL KREBS to reduce the carbon footprint of stainless steel knives. The collaboration involves the … Read the full press release

Outokumpu Completes Share Repurchase Program: Acquires 170,090 Own Shares

PRESS RELEASE -- 14, December 2023

(IN BRIEF) On December 12, 2023, Outokumpu has successfully completed its share repurchase program, buying back a total of 170,090 of its own shares on trading venues CEUX and XHEL. The repurchase program, which was announced on November 29, 2023, … Read the full press release

Outokumpu and Siemens Collaborate on World’s First Towards-Zero Stainless Steel for Sustainable Medium-Voltage Switchgear

PRESS RELEASE -- 14, December 2023

(IN BRIEF) Outokumpu, a global leader in sustainable stainless steel, and Siemens, a technology company, have announced a partnership to use Outokumpu’s Circle Green®, a stainless steel variant with up to a 93% lower carbon footprint than the industry average, … Read the full press release

Outokumpu Completes Share Repurchase, Acquiring Over 169,000 Shares

PRESS RELEASE -- 11, December 2023

(IN BRIEF) On December 8, 2023, Outokumpu successfully completed its share repurchase program, acquiring a total of 169,928 of its own shares across two trading venues, CEUX and XHEL. The weighted average price per share stood at EUR 4.33, resulting … Read the full press release

Fortum and Studsvik Collaborate to Explore New Nuclear Options for Sweden’s Green Transition

PRESS RELEASE -- 17, November 2023

(IN BRIEF) Fortum, a leading energy company, has entered into a Memorandum of Understanding (MoU) with Swedish nuclear technology firm Studsvik to investigate the potential for new nuclear projects in Sweden. This collaboration is part of Fortum’s ongoing feasibility study … Read the full press release

Outokumpu Joins Forces with Envigas to Spearhead Emission Reduction in Stainless Steel Production

PRESS RELEASE -- 13, November 2023

(IN BRIEF) In a significant move towards sustainable stainless steel production, Outokumpu has partnered with Envigas AB, a leading biocarbon producer, by acquiring a 20% ownership share. Outokumpu’s commitment to reducing carbon dioxide emissions by 42% by 2030 aligns with … Read the full press release

Outokumpu’s Q3 2023 Report: Challenging European Market Offset by Solid Performance in Americas

PRESS RELEASE -- 7, November 2023

(IN BRIEF) Outokumpu, a global leader in sustainable stainless steel, has released its interim report for January to September 2023, highlighting both the challenges and successes during this period. In Q3 2023, the company experienced a challenging market environment in … Read the full press release

Outokumpu and CRONIMET Strengthen Partnership to Boost Circular Economy and Reduce CO2 Emissions in Stainless Steel Production

PRESS RELEASE -- 7, November 2023

(IN BRIEF) Outokumpu, a global leader in sustainable stainless steel, and CRONIMET, a global leader in recycled stainless steel, are expanding their collaboration to enhance the sourcing and supply of high-quality scrap in Northeastern Europe. Outokumpu has agreed to acquire … Read the full press release

Outokumpu’s Restructuring Moves in Germany: Strengthening Global Advanced Materials Leadership

PRESS RELEASE -- 7, November 2023

(IN BRIEF) Outokumpu, a global leader in advanced materials, has unveiled plans for restructuring measures in Germany as part of its strategy to enhance competitiveness and maintain a strong position in the global market for advanced materials. The company aims … Read the full press release

Outokumpu Appoints Key Leaders for Feasibility Study in the Americas

PRESS RELEASE -- 19, October 2023

(IN BRIEF) Outokumpu has appointed Michael Tecza as Project Director and Hugh Embrey as Technical Project Director to lead an ongoing feasibility study in the Americas. The study aims to increase cold-rolling capacity and explore options for hot-rolling arrangements in … Read the full press release