Outokumpu publishes historical financial information for new business areas


OUTOKUMPU OYJ
STOCK EXCHANGE RELEASE
September 25, 2014 at 11.30 am EET

 

Outokumpu announced on June 18, 2014 a new organization structure and publishes now historical financial information of the new business areas.

As of September 1, 2014 Outokumpu has five business areas – Coil EMEA, Coil Americas, APAC, Quarto Plate and Long Products. Historical financial information of Coil Americas and APAC, as published in the second-quarter results in July 2014, remains unchanged. After the Specialty Stainless business area ceased to exist, Coil EMEA figures have been restated to include special coil operations in Avesta, Nyby and Kloster in Sweden. At the same time, Quarto Plate and Long Products figures, previously also part of Specialty Stainless, are now presented separately. Quarto Plate includes production and sales of quarto plate in Sweden and USA and Long Products production and sales of long products in Sweden, the UK and USA.

Tables below include historical financial information for 2013 and the first two quarters in 2014 for sales and key figures for new and restated business areas. Group level figures are unchanged. Figures are unaudited. 

Sales                    
                     
EUR million   I/13 II/13 I–II/13 III/13 IV/13 2013 I/14 II/14 I–II/14
Coil EMEA   1,591 1,325 2,916 1,104 1,047 5,067 1,169 1,161 2,331
Coil Americas   202 231 433 251 223 906 254 291 545
APAC   85 74 159 111 117 388 88 118 206
Quarto Plate   127 105 231 82 93 406 102 114 216
Long Products   171 144 315 120 121 556 149 203 352
Other operations   100 114 214 166 158 538 135 178 313
Intra-group sales   -410 -254 -664 -224 -228 -1,116 -280 -311 -591
    1,867 1,738 3,604 1,609 1,531 6,745 1,617 1,753 3,371

 

Coil EMEA key figures                  
                     
    I/13 II/13 I–II/13 III/13 IV/13 2013 I/14 II/14 I–II/14
Stainless steel deliveries 1,000 tonnes 539 470 1,009 423 423 1,854 469 443 912
Ferrochrome deliveries, continuing oper. 1,000 tonnes 28 65 93 57 62 212 25 25 51
Sales EUR million 1,591 1,325 2,916 1,104 1,047 5,067 1,169 1,161 2,331
EBITDA EUR million 32 -0 32 2 21 55 -54 58 5
EBITDA excl. non-recurring items EUR million 32 32 63 3 43 110 59 66 124
Underlying EBITDA EUR million na na na na na na 63 67 130
EBIT EUR million -24 -55 -79 -51 -36 -166 -134 7 -126
EBIT excl. non-recurring items EUR million -24 -23 -47 -51 -14 -111 6 14 21
Underlying EBIT EUR million na na na na na na 10 15 26
Depreciation and amortization EUR million -53 -54 -106 -53 -53 -212 -53 -51 -104
Capital expenditure EUR million 27 17 44 17 19 81 9 19 28
Operating capital EUR million 2,805 2,844 2,844 2,802 2,609 2,609 2,492 2,575 2,575
Personnel at the end of the period   8,544 9,128 9,128 8,329 8,120 8,120 7,915 8,515 8,515
                   
Quarto Plate key figures                  
                     
    I/13 II/13 I–II/13 III/13 IV/13 2013 I/14 II/14 I–II/14
Deliveries 1,000 tonnes 25 20 45 18 20 83 24 25 49
Sales EUR million 127 105 231 82 93 406 102 114 216
EBITDA EUR million 9 -3 6 -2 -2 1 2 -5 -2
EBITDA excl. non-recurring items EUR million 9 -3 6 -2 -2 1 2 -5 -2
Underlying EBITDA EUR million na na na na na na 0 -4 -4
EBIT EUR million 4 -7 -3 -7 -7 -17 -2 -9 -12
EBIT excl. non-recurring items EUR million 4 -7 -3 -7 -7 -17 -2 -9 -12
Underlying EBIT EUR million na na na na na na -4 -8 -13
Depreciation and amortization EUR million -5 -4 -9 -5 -5 -18 -5 -5 -9
Capital expenditure EUR million 7 5 12 16 6 33 2 5 6
Operating capital EUR million 273 247 247 252 247 247 245 253 253
Personnel at the end of the period   775 809 809 756 746 746 757 857 857

 

Long Products key figures                  
                     
    I/13 II/13 I–II/13 III/13 IV/13 2013 I/14 II/14 I–II/14
Deliveries 1,000 tonnes 63 52 115 49 50 214 65 80 145
Sales EUR million 171 144 315 120 121 556 149 203 352
EBITDA EUR million 2 0 3 -3 -3 -3 2 16 18
EBITDA excl. non-recurring items EUR million 2 0 3 -3 -3 -3 2 16 18
Underlying EBITDA EUR million na na na na na na 4 13 16
EBIT EUR million 0 -2 -1 -5 -4 -10 0 14 14
EBIT excl. non-recurring items EUR million 0 -2 -1 -5 -4 -10 0 14 14
Underlying EBIT EUR million na na na na na na 2 11 13
Depreciation and amortization EUR million -2 -2 -4 -2 -1 -7 -2 -2 -4
Capital expenditure EUR million 2 2 4 1 3 9 1 2 3
Operating capital EUR million 164 144 144 136 117 117 126 153 153
Personnel at the end of the period   691 695 695 678 674 674 661 654 654


For more information:

Investors: Johanna Henttonen, tel. +358 9 421 3804, mobile +358 40 530 0778

Media: Saara Tahvanainen, tel. +358 40 589 0223

Outokumpu Group




Outokumpu is a global leader in stainless steel. We create advanced materials that are efficient, long lasting and recyclable – thus building a world that lasts forever. Stainless steel, invented a century ago, is an ideal material to create lasting solutions in demanding applications from cutlery to bridges, energy and medical equipment: it is 100% recyclable, corrosion-resistant, maintenance-free, durable and hygienic. Outokumpu employs more than 12 000 professionals in more than 30 countries, with headquarters in Espoo, Finland and shares listed in the NASDAQ OMX Helsinki. www.outokumpu.com


Attachments

Business areas 25092014 ENG.pdf