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Outokumpu

5.07 EUR

+1.95 %

13,434 following

OUT1V

NASDAQ Helsinki

Metals & Mining

Basic Materials

+1.95 %
+8.27 %
+13.06 %
+30.61 %
+44.47 %
+42.40 %
-8.94 %
+23.57 %
-81.34 %

Outukumpu 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
2.4B EUR
Turnover
1.24M EUR
P/E (adj.) (26e)
16.44
EV/EBIT (adj.) (26e)
11.92
P/B (26e)
0.65
EV/S (26e)
0.4
Dividend yield-% (26e)
2.96 %
Coverage
Recommendation
Accumulate
Target price
5.50 EUR
Updated
2026-02-12
Petri Gostowski
Petri Gostowski

Co. Head of Research

Latest research

Latest analysis report

Released: 2026-02-12

Revenue and EBIT-%

Revenue B

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
26/3
2026

General meeting '26

27/3
2026

Half year dividend

12/5
2026

Interim report Q1'26

Risk
Business risk
Valuation risk
Low
High
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Rykten om en uppsättning korrigerande åtgärder för den europeiska stålmarknaden fick bekräftelse
Analyst Comment by
Petri Gostowski

Rykten om en uppsättning korrigerande åtgärder för den europeiska stålmarknaden fick bekräftelse

Enligt färska uppgifter föreslår Europeiska kommissionen en betydande minskning av importkvoterna för stål i regionen och samtidigt en betydande höjning av tullarna som tillämpas på importvolymer som överskrider dessa kvotnivåer. Enligt vår bedömning är åtstramningarna betydande och de skulle, om de genomförs, sanera den europeiska stålmarknaden som lider av global överkapacitet. Enligt vår bedömning skulle åtgärderna, om de genomförs, stödja Outokumpus Europe-segments vinstnivå genom en ökning av leveransvolymer och priser.

Outokumpu
Forum discussions
Listened to the presser. Overall, the tone was quite positive. A few takeaways: Q1 EBITDA improvement will come specifically through increased volumes, meaning price level increases aren’t really materializing yet, although sales prices are also rising in the Americas. Volume growth...
yesterday
by Grape
22
Inderes: 4.5 → 5.5 EUR & Accumulate Sticking with it in anticipation of earnings growth As a result of the recent share price rise, expectations are increasing, but based on our forecasts for the coming years, Outokumpu is priced at about a 7x EV/EBIT multiple relative to the estimated...
2/12/2026, 6:01 PM
by Opa
16
A quick summary of the results; today’s market reaction is difficult to gauge, but considering the strong rally in recent days, a downward trend would likely not be a surprise. Adjusted EBITDA exceeded expectations (€10m) Dividend fell short of expectations, although it exceeded ...
2/12/2026, 7:18 AM
by Grape
16
In Kauppalehti today, Feb 13, 2026: Nordea raises Outokumpu’s target price to 7.00 euros (prev. 5.50 euros), reiterates buy recommendation Trump plans to ease steel tariffs, Outokumpu’s Kati ter Horst on Talousaamu at 9:30 AM U.S. President Donald Trump is planning to ease import...
2/13/2026, 6:49 AM
by Index
14
Indeed, Europe was bleak as can be, no matter how much you adjust EBITDA or compare Q3/25 or Q4/24. The Americas improved a bit vs Q3/25, and clearly vs Q4/24. Ferrochrome (Fertsa) improved nicely against both Q3/25 and Q4/24. CRU estimates a quiet H1/2026, and customers are holding...
2/12/2026, 9:02 AM
by Opa
11
Indeed, in connection with the previous 2025 CMD, the “over time” caveat was added to the story of a growing dividend, making a halving of the dividend technically fine in a formal sense. However, the markets won’t like this, at least not those who imagine that dividend policy is...
2/12/2026, 7:58 AM
by Opa
10
In light of the numbers, it is starting to look increasingly like the agenda of Robert Lighthizer, the chief architect and ideologue of Donald Trump’s tariff strategy, is not working after all—at least not in the way it has been advertised to American voters all this time, and trumpeted...
2/14/2026, 4:17 PM
by Realmcrusader
6
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