Annual Report 2010 - Outokumpu

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168 4 Jan 2010 Outokumpu's Pekka Erkkilä to join Outotec Outokumpu Annual Report 2010 – Corporate Governance – Stock exchange releases 2010
169 Members of the Executive Committee Juha Rantanen b. 1952, Finnish citizen, M.Sc. (Econ.), MBA CEO 2005– Chairman of the Group Executive Committee 2005– Outokumpu Board member and Vice Chairman 2003–2004 Responsibility: Group management, Communications and IR, corporate social responsibility, Legal Affairs & IPR and energy strategy Employed by the Outokumpu Group since 2004 President & CEO: Ahlstrom Corporation 1998–2004 Chief Executive Officer: Borealis A/S 1994–1997 Chief Financial Officer 1992–1994, Executive Vice President, Chemicals 1989–1992 and Executive Vice President, Gas 1986–1989: Neste Oy Chairman of the Board 2009– and Board Member 2005–2009: Association of Finnish Steel and Metal Producers Chairman of the Board of Directors: Fennovoima Oy 2007– Chairman of the Board: Confederation of Finnish Industries EK 2003–2004 Vice Chairman of the Board 2010– and Board Member 2008–2010: Stora Enso Oyj Vice Chairman of the Board: Moventas Oy 2007– Treasurer 2010– and Board Member 2008–2010: International Stainless Steel Forum ISSF Board Member: Crisis Management Initiative 2011– Board Member: Technology Industries of Finland 2005– Supervisory Board Member: Varma Mutual Pension Insurance Company 2001– Karri Kaitue b. 1964, Finnish citizen, LL.Lic. Deputy CEO 2005– Member of the Group Executive Committee 2002– Vice Chairman of the Group Executive Committee 2005– Responsibility: Group strategy, Business Development and M&A, new ventures, Tornio Works and as of 1 March 2011 the Kloster plant in Sweden and Environment, Health and Quality Employed by the Outokumpu Group since 1990 Executive Vice President – Strategy and Business Development : Outokumpu Oyj 2004 President – Coil Products 2003–2004, Executive Vice President – Strategy and Business Development 2002–2003, Executive Vice President – M&A and Legal Affairs 2001–2002 and Member of the Executive Committee 2001–2003: AvestaPolarit Oy (former AvestaPolarit Oyj Abp) Senior Vice President – Corporate General Counsel: Outokumpu Oyj 1998–2001 Assistant Vice President – Corporate Counsel: Outokumpu Group (USA) 1996–1998 Chairman of the Board: Destia Oy 2009– Vice Chairman of the Board: Outotec Oyj 2006– Outokumpu Annual Report 2010 – Corporate Governance – Members of the Executive Committee
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Annual Report 2010
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Table of contents Outokumpu - an in
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Group Executive Committee .........
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1 Outokumpu - an international stai
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3 CEO's review 2010 was characteris
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5 Next steps The managerial agenda
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7 Group key figures 2010 2009 2008
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9 Strategic themes Outokumpu's stra
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11 Excel in operations Safe working
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13 Management discussion of financi
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15 € million Operating profit Gen
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17 When the additional ferrochrome
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19 also resulted in a substantial i
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21 Group earnings per share totalle
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23 € million Stainless steel base
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25 Developing Outokumpu's corporate
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27 A significant proportion of Outo
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29 Market position In recent decade
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31 amount of stainless steel consum
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33 General Stainless - high-quality
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35 An efficient, integrated single-
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37 chromium ore was found to extend
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39 Long Products Sheffield The Shef
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41 Specialty Stainless key figures
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43 Special Coil and Plate Special C
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45 Outokumpu Stainless Tubular Prod
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47 Group level functions Outokumpu'
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49 Headquarters in Belgium Outokump
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51 Expansion of our service centre
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53 Supply Chain Management Procurem
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55 50% compared to 2009. The ferroc
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57 Research and development Product
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59 perfectly safe for use in equipm
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61 Stainless is optimal for sustain
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63 Environmental goals and results
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65 Results 2010 Sheffield melt shop
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67 Until the beginning of 2009, sla
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69 Material balance Materials used,
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71 Improving waste handling and pre
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73 Primary actions included in the
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75 Despite of protective actions ag
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77 Stainless steel in innovations a
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79 Emissions and effluents One of O
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81 ficiation and clarification basi
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83 Water - a natural resource for c
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85 Water withdrawal and discharges
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87 studies monitoring the prevailin
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89 Environmental investments furthe
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91 Outokumpu and stakeholders The s
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93 Goals for 2011 Improve HR report
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95 Personnel facts and figures Outo
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97 The US 330 321 403 Others 33 33
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99 Open communication Employee moti
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101 Compensation and benefits Outok
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103 Developing our people through c
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105 Health and safety Health and sa
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107 Everyone deserves a safe workin
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109 We value our stakeholders' opin
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111 Outokumpu and our customers - a
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113 Current and future employees Bo
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115 our home market Europe, resulte
Page 123 and 124: 117 Production employees are repres
Page 125 and 126: 119 Public sector support, sponsori
Page 127 and 128: 121 Regulatory framework Outokumpu
Page 129 and 130: 123 General Meeting of Shareholders
Page 131 and 132: 125 To make other proposals to Gene
Page 133 and 134: 127 Board committees The Board of D
Page 135 and 136: 129 The CEO and Deputy CEO The Chie
Page 137 and 138: 131 Group Corporate Management Outo
Page 139 and 140: 133 Vice Chairman of the Board, Soi
Page 141 and 142: 135 Key aspects of internal control
Page 143 and 144: 137 Controller meetings were organi
Page 145 and 146: 139 Risk management Outokumpu opera
Page 147 and 148: 141 Strategic and business risks St
Page 149 and 150: 143 Operational risks Operational r
Page 151 and 152: 145 Both these financial risks and
Page 153 and 154: 147 Good level of environmental man
Page 155 and 156: 149 Climate change is taken serious
Page 157 and 158: 151 Ethics, corporate responsibilit
Page 159 and 160: 153 Internal audit monitors complia
Page 161 and 162: 155 Outokumpu Annual Report 2010 -
Page 163 and 164: 157 Solidium Oy 56 440 597 30.8 The
Page 165 and 166: 159 Board authorisations Board Auth
Page 167 and 168: 161 Shares subscribed with 2003B op
Page 169 and 170: 163 programme for the earnings peri
Page 171 and 172: 165 Information for shareholders An
Page 173: 167 Stock exchange releases 2010 2
Page 177 and 178: 171 Responsibility: HR strategy and
Page 179 and 180: 173 Board member: Marzac Investment
Page 181 and 182: 175 Based on its own assessment, Ou
Page 183 and 184: 177 Risk management 4.10 Processes
Page 185 and 186: 179 8 EN15 Species with extinction
Page 187 and 188: 181 Human Rights Investment agreeme
Page 189 and 190: 183 Fines for non-compliance PR9* c
Page 191 and 192: 185 Measurement techniques Economic
Page 193 and 194: 187 Days lost due to strikes is cal
Page 195 and 196: 189 • Tested the completeness, ac
Page 197 and 198: 191 8% from 2009. The clearly highe
Page 199 and 200: 193 Profitability Earnings per shar
Page 201 and 202: 195 During 2010, Outokumpu's net in
Page 203 and 204: 197 Outokumpu's strategic prioritie
Page 205 and 206: 199 Outokumpu is participating in t
Page 207 and 208: 201 Outokumpu has been systematical
Page 209 and 210: 203 completed in November 2010 and
Page 211 and 212: 205 Short-term outlook Following th
Page 213 and 214: 207 Opinion on the company's financ
Page 215 and 216: 209 Diluted earnings per share, €
Page 217 and 218: 211 Retained earnings 1 365 1 735 N
Page 219 and 220: 213 Proceeds from sale of property,
Page 221 and 222: 215 Key financial figures of the Gr
Page 223 and 224: 217 Quarterly information Income st
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219 Share-related key figures 2010
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221 Definitions of key financial fi
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223 Income statement of the parent
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225 Share capital 311 309 Premium f
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227 Disposals of intangible assets
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Outokumpu is a global leader in sta
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Annual Report 2010 - Outokumpu

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