Outokumpu (OUT1V) - OVERVIEW



Last update 15/06/2016
Q2 2016 E
 Number of EstimatesHighestConsensusMedianLowest
Group stainless steel deliveries 661.0 620.0 612.0 600.0 
Sales 12 1,585.0 1,442.6 1,452.9 1,317.0 
Underlying EBITDA 12 69.0 46.3 48.6 -2.0 
Depreciation & Amortisation incl non-recurring items 11 -57.0 -62.0 -61.0 -77.7 
EBIT reported 11 -3.0 -38.1 -49.8 -60.0 
Adjustments to EBIT 11 0.0 -23.4 -40.0 -40.0 
Underlying EBIT 11 12.0 -14.7 -11.0 -60.0 
Net financials 10 -14.0 -26.0 -27.0 -34.0 
Result before taxes reported -21.0 -59.8 -61.0 -83.8 
Underlying result before taxes -21.0 -35.7 -36.0 -51.3 
Net income attributable to shareholders (cont operations) 10 -13.0 -53.1 -59.7 -79.0 
Underlying net income attributable to shareholders -13.0 -30.4 -31.0 -44.0 
Average number of shares (in Mio) 10 416.4 416.4 416.4 416.4 
EPS reported based on cont operations (in Euro) 10 -0.0 -0.1 -0.1 -0.2 
Underlying EPS (in Euro) -0.0 -0.1 -0.1 -0.1 
Dividend per share (in Euro) 
Return on Capital Employed 
Operating Cash Flow 
Capex 
Free Cash Flow 
Net financial debt 
 
Q3 2016 E
 Number of EstimatesHighestConsensusMedianLowest
Group stainless steel deliveries 619.0 589.4 602.0 532.0 
Sales 12 1,704.0 1,421.2 1,425.5 1,230.0 
Underlying EBITDA 12 121.7 77.9 71.8 55.0 
Depreciation & Amortisation incl non-recurring items 11 -52.0 -61.1 -60.0 -77.7 
EBIT reported 11 44.0 13.5 11.3 -12.0 
Adjustments to EBIT 11 0.0 -3.6 0.0 -20.0 
Underlying EBIT 11 49.0 17.1 11.3 -12.0 
Net financials 10 -18.0 -26.5 -27.1 -34.0 
Result before taxes reported 26.0 -12.4 -22.7 -40.1 
Underlying result before taxes 26.0 -8.0 -19.0 -30.0 
Net income attributable to shareholders (cont operations) 10 26.0 -8.6 -15.2 -33.7 
Underlying net income attributable to shareholders 26.0 -3.8 -13.7 -21.2 
Average number of shares (in Mio) 10 416.4 416.4 416.4 416.4 
EPS reported based on cont operations (in Euro) 10 0.1 -0.0 -0.0 -0.1 
Underlying EPS (in Euro) 0.1 -0.0 -0.0 -0.1 
Dividend per share (in Euro) 
Return on Capital Employed 
Operating Cash Flow 
Capex 
Free Cash Flow 
Net financial debt 
 
FY 2016 E
 Number of EstimatesHighestConsensusMedianLowest
Group stainless steel deliveries 2,517.2 2,393.5 2,433.0 2,169.0 
Sales 13 6,460.0 5,788.8 5,733.0 5,216.0 
Underlying EBITDA 13 414.0 275.1 253.0 212.0 
Depreciation & Amortisation incl non-recurring items 12 -220.0 -243.3 -239.5 -291.0 
EBIT reported 12 101.0 5.5 -2.5 -48.0 
Adjustments to EBIT 12 8.0 -27.6 -32.0 -82.0 
Underlying EBIT 12 183.0 33.9 11.0 -20.0 
Net financials 13 -59.0 -110.2 -117.0 -142.0 
Result before taxes reported 12 -19.0 -103.5 -115.0 -165.0 
Underlying result before taxes 12 52.0 -75.1 -88.5 -132.0 
Net income attributable to shareholders (cont operations) 13 -19.0 -90.5 -89.8 -146.0 
Underlying net income attributable to shareholders 12 58.0 -63.0 -70.1 -113.8 
Average number of shares (in Mio) 13 416.4 416.4 416.4 416.4 
EPS reported based on cont operations (in Euro) 13 -0.1 -0.2 -0.2 -0.4 
Underlying EPS (in Euro) 12 0.2 -0.2 -0.2 -0.3 
Dividend per share (in Euro) 13 0.1 0.0 0.0 0.0 
Return on Capital Employed 2.1 -0.4 -0.0 -4.5 
Operating Cash Flow 13 400.00 276.75 283.00 166.00 
Capex 13 -130.00 -140.92 -140.00 -146.00 
Free Cash Flow 13 260.00 135.83 143.00 25.00 
Net financial debt 13 1,560.00 1,451.33 1,447.00 1,262.00 
 
FY 2017 E
 Number of EstimatesHighestConsensusMedianLowest
Group stainless steel deliveries 2,660.0 2,489.0 2,499.0 2,234.0 
Sales 13 7,300.0 6,304.6 6,227.7 5,412.0 
Underlying EBITDA 13 741.0 515.6 500.0 367.0 
Depreciation & Amortisation incl non-recurring items 12 -224.0 -242.4 -234.0 -294.0 
EBIT reported 12 505.0 274.7 257.5 143.0 
Adjustments to EBIT 12 0.0 -0.8 0.0 -10.0 
Underlying EBIT 12 515.0 275.5 257.5 143.0 
Net financials 13 -64.0 -99.2 -100.0 -125.0 
Result before taxes reported 12 406.0 176.7 162.0 54.0 
Underlying result before taxes 12 416.0 177.5 162.0 54.0 
Net income attributable to shareholders (cont operations) 13 406.0 151.1 121.0 41.0 
Underlying net income attributable to shareholders 12 416.0 154.7 127.5 41.0 
Average number of shares (in Mio) 13 416.4 416.4 416.4 416.4 
EPS reported based on cont operations (in Euro) 13 1.0 0.4 0.3 0.1 
Underlying EPS (in Euro) 12 1.0 0.4 0.3 0.1 
Dividend per share (in Euro) 13 0.3 0.0 0.0 0.0 
Return on Capital Employed 8.3 5.6 5.7 3.7 
Operating Cash Flow 13 556.00 364.66 347.00 219.00 
Capex 13 -142.80 -153.91 -155.00 -163.00 
Free Cash Flow 13 411.00 210.75 197.00 64.00 
Net financial debt 13 1,419.0 1,273.6 1,327.0 950.0 
 
FY 2018 E
 Number of EstimatesHighestConsensusMedianLowest
Group stainless steel deliveries 2,789.0 2,538.3 2,536.0 2,271.0 
Sales 13 7,981.0 6,716.1 6,642.0 5,603.0 
Underlying EBITDA 12 760.0 606.1 593.5 485.0 
Depreciation & Amortisation incl non-recurring items 11 -225.0 -243.3 -233.0 -300.0 
EBIT reported 12 509.0 367.0 362.5 260.0 
Adjustments to EBIT 12 0.0 0.0 0.0 0.0 
Underlying EBIT 12 509.0 367.0 362.5 260.0 
Net financials 13 -65.0 -90.3 -90.0 -116.8 
Result before taxes reported 12 444.0 278.9 259.5 180.0 
Underlying result before taxes 12 444.0 278.9 259.5 180.0 
Net income attributable to shareholders (cont operations) 13 374.0 219.8 217.0 138.0 
Underlying net income attributable to shareholders 12 374.0 225.0 221.0 138.0 
Average number of shares (in Mio) 13 416.4 416.4 416.4 416.4 
EPS reported based on cont operations (in Euro) 13 0.9 0.5 0.5 0.3 
Underlying EPS (in Euro) 12 0.9 0.5 0.5 0.3 
Dividend per share (in Euro) 12 0.3 0.1 0.1 0.0 
Return on Capital Employed 10.2 8.0 7.8 5.9 
Operating Cash Flow 12 645.00 419.81 434.00 160.00 
Capex 12 -116.00 -160.08 -160.00 -187.00 
Free Cash Flow 12 475.00 259.73 272.50 44.00 
Net financial debt 12 1,345.0 1,057.3 1,128.6 552.0 
 
Last update on 15/06/2016
The earnings estimates of the following institutions were included in the above figures:
ABG Sundal Collier, BoA Merrill Lynch, Credit Suisse, Danske Markets, Deutsche Bank, Evli Bank, Handelsbanken, Inderes, Jefferies, Nordea Markets, Pohjola Bank, 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 2016-06-26 03:13:03