Outokumpu sold its brass rod plant
OUTOKUMPU OYJ
STOCK EXCHANGE RELEASE
4 June 2012 at 11.00 am EET
Outokumpu has sold its brass rod plant in Drünen in the Netherlands to Bons & Evers Holding BV, a privately owned Dutch metals company. In 2011, the brass rod plant had a turnover of approximately EUR 75 million, and it currently employs approximately 170 people.
The consideration and cash flow impact of this transaction are marginal. However, Outokumpu will book a loss of approximately EUR 17 million in the Group’s second quarter accounts from this transaction. After the sale, Outokumpu has divested all its brass operations.
For further information, please contact:
Ingela Ulfves – Investor Relations
tel. +358 9 421 2438, mob. +358 40 51 51 531
Saara Tahvanainen – Media Relations
tel. +358 9 421 3265, mob. +358 40 589 0223
OUTOKUMPU OYJ
Outokumpu is a global leader in stainless steel with the vision to be the undisputed number one. Customers in a wide range of industries use our stainless steel and services worldwide. Being fully recyclable, maintenance-free, as well as very strong and durable material, stainless steel is one of the key building blocks for sustainable future. Outokumpu employs some 8 000 people in more than 30 countries. The Group’s head office is located in Espoo, Finland. Outokumpu is listed on the NASDAQ OMX Helsinki. www.outokumpu.com
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