Outokumpu initiates a strategic review of business area Long Products

Outokumpu Oyj
Press release
February 5, 2020 at 9.05 am EET

Outokumpu initiates a strategic review of business area Long Products

Outokumpu has initiated a strategic review of business area Long Products as part of its process to determine optimal long-term business mix for the company. During the review, Outokumpu will investigate multiple options regarding the business area’s future including opportunities for consolidation within the stainless long products markets. The strategic review is expected to be finalized during 2020.

In 2019, business area Long Products’ net sales amounted to EUR 642 million and adjusted EBITDA was EUR -7 million.

For more information:

Reeta Kaukiainen, EVP – Communications and IR, tel. +358 50 522 0924

Outokumpu Oyj

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