OUT1VNasdaq HelsinkiSteelIFRS · EUR

Outokumpu Oyj

Outokumpu is a global leader in stainless steel manufacturing, with a strong focus on sustainability and innovation. Headquartered in Finland, the company operates across Europe and the Americas, providing high-quality stainless steel products to various industries. Outokumpu is committed to reducing its carbon footprint and advancing the use of low-emission technologies. The company leverages its proprietary technology and chrome mine to enhance its product offerings and maintain a competitive edge in the market.

Ask about the company
Revenue5,468m EUR
−8.0 %y/y
Operating profit (EBIT)-134m EUR
−162.7 %y/y
EBIT margin-2.5%
−1.6 ppy/y
Net income-137m EUR
−242.5 %y/y
Free cash flow-40.0m EUR
−53.8 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

-2,00002,0004,0006,0008,00010,000m EUR2021: 7,709 m EUR2021: EBIT 705 m EUR20212022: 9,494 m EUR2022: EBIT 992 m EUR20222023: 6,961 m EUR2023: EBIT -100 m EUR20232024: 5,942 m EUR2024: EBIT -51 m EUR20242025: 5,468 m EUR2025: EBIT -134 m EUR2025TTM 2026: 5,491 m EURTTM 2026: EBIT -66 m EURTTM5,491-66
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year
Ask Clarifo about Outokumpu Oyj

Business

Share of revenue
Stainless Steel Products60 %

Includes coils and sheets for various industries

Advanced Materials and Alloys20 %

High-performance materials for specialized applications

Ferrochrome15 %

Low-emission ferrochrome for stainless steel production

Chromium Metal5 %

Production of chromium metal for critical industries

Customers

Outokumpu serves a diverse range of customers, including direct end-users and distributors. In Europe, approximately 60% of stainless steel products are sold directly to end-users, while the remaining 40% are distributed through intermediaries. In the Americas, the company primarily sells through distributors, which account for 73% of sales. Key customer segments include the automotive, construction, and aerospace industries, which rely on Outokumpu's high-quality and sustainable stainless steel solutions.

Automotive

Buys durable and sustainable stainless steel for vehicle manufacturing

Construction

Requires high-quality stainless steel for building infrastructure

Aerospace

Uses chromium metal for critical applications

Distributors

Distributes stainless steel products to various end-users

Strategy

Outokumpu's strategic priorities focus on sustainability, innovation, and growth. The company aims to enhance its product portfolio through the EVOLVE strategy, which emphasizes cost competitiveness and cash generation. By investing in low-emission technologies and expanding its advanced materials and alloys offerings, Outokumpu seeks to differentiate itself in the market. The company is also exploring growth opportunities in the Americas and investing in proprietary technology to support its long-term goal of reducing carbon emissions by 2030.

Sustainability and decarbonizationLong term

To lead in low-emission stainless steel production

Product portfolio enhancementMedium term

To strengthen market position and profitability

Geographic expansionMedium term

To capture growth opportunities in new markets

Geography

2025

Outokumpu operates globally, with significant sales in Europe and North America. The company has a strong presence in Germany, Italy, and the UK, which are key markets in Europe. In North America, Outokumpu is the second-largest producer of stainless steel. The company also has operations in Asia and Oceania, although these regions contribute a smaller share of total sales. Outokumpu's geographic diversification helps mitigate risks associated with regional economic fluctuations.

North America33 %
Other Europe22 %
Germany17 %
Italy11 %
Aasia ja Oseania5.7 %
Finland3.7 %
Yhdistynyt kuningaskunta3.7 %
Poland3.0 %
Other countries1.1 %

Share of the revenue the company reports by geography.

Risks

Outokumpu faces several risks, including global economic fluctuations, trade policy changes, and geopolitical tensions. These factors can impact demand for stainless steel and affect the company's financial performance. Additionally, the company is exposed to risks related to raw material availability and price volatility. To mitigate these risks, Outokumpu employs comprehensive risk management strategies and maintains a diversified geographic presence. The company also focuses on sustainability to address regulatory risks associated with environmental policies.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Global economic fluctuations1Trade policy changes2Raw material price volatility3Geopolitical tensions4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Global economic fluctuationsImpact: HighLikelihood: Medium

    Affects demand for stainless steel

  2. Trade policy changesImpact: HighLikelihood: Medium

    Impacts market access and competitiveness

  3. Raw material price volatilityImpact: HighLikelihood: Medium

    Affects production costs and margins

  4. Geopolitical tensionsImpact: MediumLikelihood: Medium

    Leads to supply chain disruptions

Ask Clarifo about Outokumpu Oyj

Accounting

Judgemental items
Revenue recognition timing

Impacts reported financial results

Impact: high

Valuation of financial instruments

Affects balance sheet and income statement

Impact: medium

Share-based payments

Influences equity and reported expenses

Impact: medium

Similar listed companies

Publicly listed companies with a comparable business focus.

Alleima

ALLEI · Basic Materials

Trelleborg

TREL-B · Industrials

Huhtamäki Oyj

HUH1V · Packaging & Containers

Neste Oyj

NESTE · Oil & Gas Refining & Marketing

Wärtsilä Oyj Abp

WRT1V · Specialty Industrial Machinery

Sotkamo Silver AB

SOSI1 · Silver

Last updated: 24/09/2026