Outokumpu Annual Accounts Bulletin 2007 - Good results in a turbulent year I/II
Stock Exchange Release (this announcement is in two parts)January 31, 2008 at 1.00 p.m.Year 2007 highlights- Good operating profit of EUR 589 million in very volatile stainlesssteel markets in 2007, underlying operational result of some EUR 800million improved significantly (2006: EUR 650 million). Return oncapital employed at 13.9% (target: >13%).- Excellent operating cash flow of EUR 676 million, gearing improvedto 23.6% (target: < 75%)- Excellence programs ahead of schedule delivering higher thantargeted cumulative benefits of some EUR 70 million (target: EUR 40million) by year-