Outokumpu (OUT1V) - OVERVIEW



Last update 12/06/2017
Q2 2017 E
 Number of EstimatesHighestConsensusMedianLowest
Group stainless steel deliveries 662.4 643.1 644.0 628.0 
Sales 13 1,994.0 1,793.9 1,795.0 1,601.0 
Adjusted EBITDA 13 268.0 247.2 247.0 215.0 
Depreciation & Amortisation 13 -55.0 -59.1 -58.0 -66.0 
EBIT reported 13 212.0 188.8 192.0 150.0 
Adjustments to EBIT 13 10.0 0.8 0.0 0.0 
Adjusted EBIT 13 212.0 188.1 192.0 150.0 
Net financials 12 -20.0 -24.7 -24.2 -32.0 
Result before taxes reported 12 184.0 164.3 168.0 118.0 
Adjusted result before taxes 12 184.0 163.4 168.0 118.0 
Net income attributable to shareholders (cont operations) 12 171.0 137.5 135.5 96.0 
Adjusted net income attributable to shareholders 12 171.0 136.6 135.5 96.0 
Average number of shares (in Mio) 12 414.4 413.0 412.9 412.9 
EPS reported based on cont operations (in Euro) 12 0.41 0.33 0.33 0.23 
Adjusted EPS (in Euro) 12 0.41 0.33 0.33 0.23 
Dividend per share (in Euro) 
Return on Capital Employed 
Operating Cash Flow 
Capex 
Free Cash Flow 
Net financial debt 
 
Q3 2017 E
 Number of EstimatesHighestConsensusMedianLowest
Group stainless steel deliveries 642.0 620.5 616.0 596.5 
Sales 13 1,885.0 1,682.5 1,670.0 1,499.0 
Adjusted EBITDA 13 220.0 179.0 186.0 127.0 
Depreciation & Amortisation 13 -47.0 -58.3 -57.0 -70.0 
EBIT reported 13 164.0 120.0 128.8 57.0 
Adjustments to EBIT 13 0.0 -0.7 0.0 -9.0 
Adjusted EBIT 13 164.0 120.7 128.8 57.0 
Net financials 12 -18.0 -24.0 -24.2 -30.0 
Result before taxes reported 12 124.0 92.4 99.7 27.0 
Adjusted result before taxes 12 124.0 93.1 104.2 27.0 
Net income attributable to shareholders (cont operations) 12 102.0 76.1 75.5 23.0 
Adjusted net income attributable to shareholders 12 102.0 76.9 80.0 23.0 
Average number of shares (in Mio) 12 414.4 413.0 412.9 412.9 
EPS reported based on cont operations (in Euro) 12 0.25 0.18 0.18 0.06 
Adjusted EPS (in Euro) 12 0.25 0.19 0.19 0.06 
Dividend per share (in Euro) 
Return on Capital Employed 
Operating Cash Flow 
Capex 
Free Cash Flow 
Net financial debt 
 
FY 2017 E
 Number of EstimatesHighestConsensusMedianLowest
Group stainless steel deliveries 10 2,649.0 2,516.8 2,505.0 2,377.0 
Sales 16 7,374.0 6,925.8 6,944.5 6,367.0 
Adjusted EBITDA 16 952.0 881.5 875.0 810.0 
Depreciation & Amortisation 16 -215.0 -235.8 -230.0 -280.0 
EBIT reported 16 728.0 661.7 659.1 544.0 
Adjustments to EBIT 16 44.0 15.9 14.0 14.0 
Adjusted EBIT 16 714.0 645.7 644.6 530.0 
Net financials 16 -86.0 -100.0 -97.7 -117.0 
Result before taxes reported 16 631.0 561.7 561.5 428.0 
Adjusted result before taxes 16 617.0 545.7 546.8 414.0 
Net income attributable to shareholders (cont operations) 16 635.0 474.8 457.1 360.0 
Adjusted net income attributable to shareholders 16 621.0 458.8 443.1 346.0 
Average number of shares (in Mio) 16 414.4 413.0 412.9 412.9 
EPS reported based on cont operations (in Euro) 16 1.54 1.15 1.11 0.87 
Adjusted EPS (in Euro) 16 1.50 1.11 1.07 0.84 
Dividend per share (in Euro) 16 0.46 0.26 0.30 0.10 
Return on Capital Employed 10 17.4 15.2 15.7 11.3 
Operating Cash Flow 14 744.0 560.5 564.5 361.0 
Capex 15 -154.0 -173.9 -176.0 -184.0 
Free Cash Flow 14 568.0 387.1 394.5 206.0 
Net financial debt 15 1,331.0 987.1 988.0 695.0 
 
FY 2018 E
 Number of EstimatesHighestConsensusMedianLowest
Group stainless steel deliveries 10 2,721.0 2,576.5 2,579.0 2,371.0 
Sales 16 7,839.2 6,970.8 6,904.0 6,329.0 
Adjusted EBITDA 16 864.0 760.7 769.0 650.0 
Depreciation & Amortisation 16 -217.0 -239.9 -227.0 -319.0 
EBIT reported 16 589.0 520.8 533.5 428.0 
Adjustments to EBIT 16 0.0 0.0 0.0 0.0 
Adjusted EBIT 16 589.0 520.8 533.5 428.0 
Net financials 16 -40.0 -81.1 -84.5 -107.0 
Result before taxes reported 16 534.0 439.6 436.0 344.0 
Adjusted result before taxes 16 534.0 439.6 436.0 344.0 
Net income attributable to shareholders (cont operations) 16 802.0 391.5 371.0 261.0 
Adjusted net income attributable to shareholders 16 802.0 391.5 371.0 261.0 
Average number of shares (in Mio) 16 414.4 413.0 412.9 412.9 
EPS reported based on cont operations (in Euro) 16 1.94 0.95 0.90 0.63 
Adjusted EPS (in Euro) 16 1.94 0.95 0.90 0.63 
Dividend per share (in Euro) 16 0.40 0.30 0.30 0.20 
Return on Capital Employed 10 13.1 11.2 10.9 9.4 
Operating Cash Flow 14 732.0 599.0 607.0 415.3 
Capex 15 -160.0 -182.7 -180.0 -212.0 
Free Cash Flow 14 536.5 415.0 438.0 215.3 
Net financial debt 14 1,486.0 721.3 682.5 385.0 
 
FY 2019 E
 Number of EstimatesHighestConsensusMedianLowest
Group stainless steel deliveries 2,796.0 2,617.4 2,618.5 2,371.0 
Sales 14 8,164.6 7,054.8 6,941.0 6,377.0 
Adjusted EBITDA 14 956.0 809.5 813.0 685.0 
Depreciation & Amortisation 14 -217.0 -239.2 -226.5 -282.0 
EBIT reported 14 681.0 570.3 581.0 459.0 
Adjustments to EBIT 14 0.0 0.0 0.0 0.0 
Adjusted EBIT 14 681.0 570.3 581.0 459.0 
Net financials 14 -25.0 -67.9 -69.5 -96.0 
Result before taxes reported 14 623.0 502.5 509.0 369.0 
Adjusted result before taxes 14 623.0 502.5 509.0 369.0 
Net income attributable to shareholders (cont operations) 14 531.0 415.3 416.0 281.0 
Adjusted net income attributable to shareholders 14 531.0 415.3 416.0 281.0 
Average number of shares (in Mio) 14 414.4 413.1 412.9 412.9 
EPS reported based on cont operations (in Euro) 14 1.29 1.01 1.01 0.68 
Adjusted EPS (in Euro) 14 1.29 1.01 1.01 0.68 
Dividend per share (in Euro) 14 0.50 0.34 0.32 0.22 
Return on Capital Employed 10 16.5 12.7 12.8 9.3 
Operating Cash Flow 13 823.0 657.4 642.0 500.0 
Capex 13 -158.0 -187.9 -180.0 -240.0 
Free Cash Flow 13 628.8 469.4 466.0 315.0 
Net financial debt 13 881.0 394.3 460.0 32.0 
 
Last update on 12/06/2017
The earnings estimates of the following institutions were included in the above figures:
ABG Sundal Collier, Berenberg Bank, BoA Merrill Lynch, Carnegie, Credit Suisse, Danske Markets, Deutsche Bank, Handelsbanken, Inderes, J.P. Morgan Cazenove, Jefferies, Nordea Markets, OP Corporate Bank, Pareto Securities, SEB Enskilda, Swedbank
 
Disclaimer
This document has been issued by Vara Research GmbH for information purposes only and is not intended to constitute investment advice. It is based on estimates and forecasts of various analysts regarding revenues, earnings and business developments of the relevant company. The company did not participate in the compilation of the estimates and it does not endorse them. Such estimates and forecasts cannot be independently verified by reason of the subjective character. Vara Research GmbH gives no guarantee, representation or warranty and is not responsible or liable as to its accuracy and completeness.

file data build at 2017-06-28 03:23:23