Outokumpu Oyj/€OUT1V

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About Outokumpu Oyj

Outokumpu Oyj is a global leader in the stainless steel industry, specializing in the production of advanced materials that offer high performance and sustainability. The company's core business involves producing and distributing stainless steel products, including coils, sheets, plates, and long products, used in various sectors such as automotive, architecture, and consumer goods. Founded in 1932 and headquartered in Helsinki, Finland, Outokumpu has evolved through mergers and acquisitions, expanding its operations across Europe, the Americas, and Asia. The company's strategic strength lies in its vertically integrated operations, spanning from mining to manufacturing, which enables it to ensure quality control and cost-efficiency. Additionally, Outokumpu places a significant emphasis on sustainability, aiming to reduce carbon emissions and promote recyclable materials throughout its production processes.
Ticker
€OUT1V
Sector
Materials
Primary listing
XHEL
Employees
8,205
Headquarters
Helsinki, Finland
Website
www.outokumpu.com

Outokumpu Oyj Metrics

BasicAdvanced
€2.6B
-
-€0.17
1.47
€0.19
3.48%

Bulls say / Bears say

Q2 showed a meaningful operational recovery: adjusted EBITDA rose to €100 million from €65 million in Q1, helped by higher deliveries, a better European result, continued strength in the Americas and improved ferrochrome performance. (Outokumpu)
Outokumpu is benefiting from a more favourable regional backdrop. EU CBAM and new steel safeguards support lower-carbon European production, while US demand has been more resilient in industrial areas such as data centres and energy. (Outokumpu, Reuters)
The EVOLVE strategy could improve the earnings mix beyond cyclical standard stainless steel. Outokumpu has started a two-phase Avesta investment in high-nickel alloys, aimed at higher-margin and more resilient growth, with €30 million committed initially and total investment estimated at €150 million. (Outokumpu)
Q2 was better sequentially but still missed expectations: adjusted EBITDA was €100 million against a reported €114 million consensus, while revenue also fell short. That suggests the recovery may already be partly priced in. (MiningMetalNews)
European policy support is being eroded by higher scrap, freight and fuel costs. The European business produced only €17 million of adjusted EBITDA in Q2, and annual state support of roughly €35–40 million for emissions costs has ended. (MarketScreener)
Near-term demand remains fragile: management expects Q3 stainless-steel deliveries to fall by 0–10% from Q2, while distributors have become cautious and the September order book is uncertain. Flat Q3 EBITDA guidance therefore depends partly on favourable realised prices and raw-material effects rather than stronger volumes. (Outokumpu, MarketScreener)
Data summarised monthly by Lightyear AI. Last updated on 16 Sept 2026.

Funds containing Outokumpu Oyj

AllEURGBPUSD
Funds
Fund name
Fund size
€OUT1V weighting
Xtrackers MSCI Europe Small Cap€DX2J
€3.2B0.16%
Xtrackers MSCI Europe Small Cap£XXSC
£2.8B0.16%
iShares MSCI World Small Cap$WSML
$9B0.02%
iShares MSCI World Small Cap€IUSN
€7.8B0.02%
iShares MSCI World Small Cap£WLDS
£6.7B0.02%
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