Outokumpu Board of Directors decides not to pay dividends for the financial year 2019

Outokumpu Oyj
Stock exchange release
November 5, 2020 at 12.03 pm EET      

Outokumpu Board of Directors decides not to pay dividends for the financial year 2019

Outokumpu’s Annual General Meeting on May 28, 2020 authorized the Board of Directors to decide at a later stage and at its discretion, on a dividend payment in one or several instalments of a total maximum of EUR 0.10 per share.

Following a review of the January-September 2020 financial results, Outokumpu's Board of Directors has decided that owing to the importance of strengthening the Company's balance sheet no dividend will be paid for the financial year 2019.

The Board confirms that in the challenging market environment improving the Company's financial position will continue to be of highest priority.

For more information:

Investors: Linda Häkkilä, Manager, Investor Relations, tel. +358 40 071 9669

Media: Corporate Communications, tel. +358 9 421 3840

Outokumpu Oyj

Board of Directors

Outokumpu is the global leader in stainless steel. We aim to be the best value creator in stainless steel through customer orientation and efficiency. The foundation of our business is our ability to tailor stainless steel into any form and for almost any purpose. Stainless steel is sustainable, durable and designed to last forever. Our customers use it to create civilization’s basic structures and its most famous landmarks as well as products for households and various industries. Outokumpu employs 10,000 professionals in more than 30 countries, with headquarters in Helsinki, Finland and shares listed in Nasdaq Helsinki. www.outokumpu.com