Annual Report 2010 - Outokumpu

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218 Semi-finished products 10 14 12 27 63 33 32 24 24 114 Total deliveries 247 268 238 277 1 030 333 339 307 336 1 315 1) Full year figures are audited. 2) Figures are not audited. Outokumpu Annual Report 2010 – Financial Statements – Quarterly information
219 Share-related key figures 2010 2009 2008 2007 2006 Earnings per share € -0.68 -1.86 -1.05 3.52 5.31 Cash flow per share € -2.74 1.11 3.64 3.74 -0.19 Equity per share € 13.05 13.54 15.50 18.53 16.87 Dividend per share € 0.25 1) 0.35 0.50 1.20 1.10 Dividend payout ratio % neg. neg. neg. 33.9 20.7 Dividend yield % 1.8 2.6 6.0 5.7 3.7 Price/earnings ratio neg. neg. neg. 6.0 5.6 Development of share price Average trading price € 13.84 11.49 18.99 24.94 19.77 Lowest trading price € 12.03 7.72 6.33 18.48 12.60 Highest trading price € 17.88 15.67 33.99 31.65 30.39 Trading price at the end of the period € 13.88 13.26 8.28 21.21 29.66 Change during the period % 4.7 60.1 -61.0 -28.5 136.3 Change in the OMXH index during the period % 18.7 19.5 -53.4 20.5 17.9 Market capitalisation at the end of the period 2) € million 2 525 2 400 1 492 3 820 5 369 Development in trading volume Trading volume 1 000 shares 331 397 355 102 511 080 516 489 319 345 In relation to weighted average number of shares % 182.3 196.4 283.6 285.5 176.4 Adjusted average number of shares 2) 181 751 107 3) 180 825 569 180 184 845 180 922 336 181 033 168 Number of shares at the end of the period 2) 181 937 361 180 969 654 180 233 280 180 103 193 181 031 952 2003A stock options were listed on the NASDAQ OMX Helsinki Stock Exchange from 1 Sept 2006 to 1 May 2009, 2003B stock options have been listed since 3 Sept 2007. 2003C stock options are not listed. 1) The Board of Directors' proposal to the Annual General Meeting. Outokumpu Annual Report 2010 – Financial Statements – Share-related key figures
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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
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117 Production employees are repres
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119 Public sector support, sponsori
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121 Regulatory framework Outokumpu
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123 General Meeting of Shareholders
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125 To make other proposals to Gene
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127 Board committees The Board of D
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129 The CEO and Deputy CEO The Chie
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131 Group Corporate Management Outo
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133 Vice Chairman of the Board, Soi
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135 Key aspects of internal control
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137 Controller meetings were organi
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139 Risk management Outokumpu opera
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141 Strategic and business risks St
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143 Operational risks Operational r
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145 Both these financial risks and
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147 Good level of environmental man
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149 Climate change is taken serious
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151 Ethics, corporate responsibilit
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153 Internal audit monitors complia
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155 Outokumpu Annual Report 2010 -
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157 Solidium Oy 56 440 597 30.8 The
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159 Board authorisations Board Auth
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161 Shares subscribed with 2003B op
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163 programme for the earnings peri
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165 Information for shareholders An
Page 173 and 174: 167 Stock exchange releases 2010 2
Page 175 and 176: 169 Members of the Executive Commit
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: 217 Quarterly information Income st
Page 227 and 228: 221 Definitions of key financial fi
Page 229 and 230: 223 Income statement of the parent
Page 231 and 232: 225 Share capital 311 309 Premium f
Page 233 and 234: 227 Disposals of intangible assets
Page 235: Outokumpu is a global leader in sta
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Annual Report 2010 - Outokumpu

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