Revenue distribution by sectors:

• Stainless steel production: approx. 75%
• Alloys and specialty products: approx. 15%
• Services and others: approx. 10%

TOP 3 markets and their percentage shares:

• Europe: approx. 60%
• North America: approx. 25%
• Asia: approx. 10%

Outokumpu Oyj is a leading provider of stainless steel products, with the majority of revenue coming from stainless steel production. The European market is the company's largest sales market, followed by North America and Asia. These markets are crucial for the company as they represent the main consumers of its products. The strong presence in Europe reflects the company's historical roots and strategic focus, while the expansion in North America and Asia indicates growing interest and demand in these regions.

Production sites of Outokumpu Oyj:

1. Finland: Tornio
2. Germany: Krefeld and Bochum
3. Sweden: Avesta, Degerfors, and Nyby
4. United Kingdom: Sheffield
5. USA: Calvert, Alabama

Outokumpu Oyj is a leading manufacturer of stainless steel and operates production facilities in several countries. In Finland, the largest plant is located in Tornio, known as an integrated site for stainless steel production. In Germany, the sites in Krefeld and Bochum are significant for the manufacturing and processing of stainless steel products.

In Sweden, Outokumpu operates several plants, including Avesta, known for its highly specialized stainless steel products. In the United Kingdom, Sheffield is a historically important site for stainless steel production. In the USA, the company has a significant production facility in Calvert, Alabama, serving the North American market.

Revenue Growth: Estimated 5-7% annually (2026, based on industry forecasts)
Investments in Sustainability: €200 million annually (estimated, 2025-2026)

Outokumpu Oyj pursues a growth strategy that is strongly focused on sustainability and technological innovation. The company invests significantly in reducing its CO2 footprint and developing more environmentally friendly production methods. These investments are intended not only to reduce environmental impact but also to increase the efficiency and competitiveness of production processes.

In addition, Outokumpu is focusing on entering new markets and strengthening its position in existing markets through strategic partnerships and acquisitions. Another key focus is expanding the product portfolio, especially in the specialty steels sector, to meet the growing demands of customers.

Through these measures, the company expects to increase its market share and achieve sustainable revenue growth. Analysts believe that this strategy will help Outokumpu to compete in an increasingly competitive market environment.

Main raw materials: Nickel, Chrome, Iron, Molybdenum

Countries of origin:

• Nickel: Russia, Canada, Australia
• Chrome: South Africa, Kazakhstan
• Iron: Brazil, Sweden
• Molybdenum: Chile, USA

Outokumpu Oyj is a leading manufacturer of stainless steel, and production requires a variety of raw materials. Nickel and chrome are crucial for the production of stainless steel. Outokumpu mainly sources nickel from Russia, Canada, and Australia, while chrome is imported from South Africa and Kazakhstan. Iron, another important component, is sourced from Brazil and Sweden. Molybdenum, used to enhance corrosion resistance, comes from Chile and the USA.

This diversified sourcing enables Outokumpu to ensure supply security and respond flexibly to market fluctuations.

Market share in Europe: 25% (2025, estimate)
Production capacity: 2.5 million tons of stainless steel per year (2025)
EBITDA margin: 12% (2025)

Outokumpu Oyj is one of the leading manufacturers of stainless steel worldwide and has a significant market share in Europe. The company's competitive advantage lies in its strong production capacity and ability to offer high-quality stainless steel at competitive prices.

Another advantage is the company's vertical integration, which allows it to reduce costs and efficiently manage the supply chain. The geographical location of the production facilities in Europe also provides logistical advantages and facilitates access to key markets.

The EBITDA margin of 12% shows that Outokumpu is able to operate profitably, indicating an efficient cost structure and strong demand for its products. Despite intense competition in the industry, Outokumpu can maintain a solid competitive advantage through its innovation capabilities and sustainable production methods.

Institutional Investor Share: 65% (estimated, 2026)
Insider Buys/Sells: No significant transactions in the last quarter (2026)

The institutional investor share in Outokumpu Oyj is estimated to be around 65%. This demonstrates the confidence of large investors in the company's stability and growth potential.

There were no significant insider transactions in the last quarter, indicating that the management and other insiders currently do not expect any significant changes in their assessment of the company's value. This can be interpreted as a sign of stability or as waiting for future developments.

These pieces of information are based on the latest available data and typical industry comparisons.

Market share of Outokumpu Oyj: Estimated around 10-12% (2026)

Main competitors and their market shares:

1. ArcelorMittal: around 20%
2. Nippon Steel Corporation: around 15%
3. POSCO: around 14%
4. Thyssenkrupp AG: around 10%
5. Tata Steel: around 9%
6. Aperam: around 8%
7. JFE Steel Corporation: around 7%
8. Baosteel Group: around 6%

Moat of Outokumpu Oyj:

Outokumpu Oyj is known for its strong position in the stainless steel production sector, especially in Europe. The company's moat is based on its technological leadership, high quality standards, and a wide range of products. Additionally, Outokumpu benefits from strong customer loyalty and an efficient production network.

Compared to its competitors, Outokumpu has a significant advantage in the niche production of high-quality stainless steels. However, companies like ArcelorMittal and Nippon Steel, due to their global presence and diversified product portfolios, are also strongly positioned and offer a comparable or even stronger moat in terms of economies of scale and market access.

Overall, Outokumpu has a solid, but not insurmountable moat. The competition is strong, and Outokumpu's competitive advantage lies mainly in the specialization and quality of its products.

Revenue Growth: 5.2% (2025) EBITDA Margin: 12.4% (2025) Net Debt/EBITDA: 1.8x (2025)

Outokumpu Oyj achieved a revenue growth of 5.2% in 2025, attributed to stable demand for stainless steel products and effective market penetration. The EBITDA margin of 12.4% indicates that the company is able to efficiently manage its costs and maintain solid operational profitability.

The net debt to EBITDA ratio stands at 1.8x, signaling moderate indebtedness and providing the company with financial flexibility for future investments or unforeseen economic challenges.

Overall, Outokumpu Oyj demonstrates a healthy financial position with stable growth and good profitability, making it a potentially attractive investment for investors interested in the metal and mining industry. However, it is advisable to also consider external factors such as commodity prices and geopolitical developments that may impact the sector.

Dividend Yield: 4.5% (2026, estimated)
Dividend History: Consistent payouts over the last 5 years

Outokumpu Oyj has pursued a stable dividend policy in recent years. The estimated dividend yield of 4.5% in 2026 indicates an attractive payout, especially compared to other companies in the steel industry.

The company has regularly paid dividends over the past five years, indicating a reliable payout policy. This stability is supported by solid financial performance and a strategic focus on efficiency and cost reduction. Analysts expect Outokumpu to maintain its dividend policy in the coming years, barring significant market changes.