Outokumpu : CMD feedback: no news (not necessarily) is good news
>No new guidance set by Roeland Baan, the outgoing CEO - The outgoing CEO Roeland Baan does not want to commit to new financial targets but rather focus more on mobilising the group to boost operating efficiency. The Vision 2020 plan aimed to deliver: 1 / adjusted EBITDA of € 750m at end-2020 at the market conditions in 2016 (vs € 263m in 2019), a ROCE of 12% (0.8% in 2019) and a gearing ratio of <35% (45% in 2019). Admittedly, there have been: 1/ substantial headwind...Outokumpu is organized into the following five business areas: Coil Europe, Middle East and Africa, which consists of stainless operations as well as ferrochrome production in Europe; Coil Americas, which produces standard austenitic and ferritic grades as well as tailored products; APAC, which includes cold rolling facility and coil and plate service center in China, as well as a coil service center in Australia; Quarto Plate, which is comprised of the quarto plate production facilities in Sweden and in the U.S.; as well as Long Products, in which its products are used in a range of applications such as springs, wires, surgical equipment, automotive parts and construction.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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