STOCK EXCHANGE RELEASE
22 December 2011 at 9.00 am EET
Outokumpu has sold the Group's rights to royalties from
Forrestania nickel and precious metals resources to the
Australian company Western Areas NL for EUR 23 million
(USD 30 million). As these royalties were valued at zero
on the Outokumpu balance sheet, non-recurring operating
income of approximately EUR 23 million will be booked in
the Group's fourth quarter 2011 operating results. The
transaction will have a positive impact of EUR 11.5
million on Outokumpu's cash flow in the fourth quarter of
2011 and a positive impact of EUR 11.5 million on cash
flow in the fourth quarter of 2012.
The Group's Forrestania royalty assets have had only a
marginal positive impact on Outokumpu's operating profit
in recent years. As a result of this divestment, the Group
will no longer receive any payments in connection with these
royalty rights.
For further information:
Kari Tuutti, SVP - Communications & Investor Relations, tel.
+358 9 421 2432,
mob. +358 40 717 0830
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.
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