Outokumpu, a leading stainless steel manufacturer in Europe based in Finland, aims for a EUR 250 million long-term earnings improvement for 2026-2030. The company's new strategy aims investments with higher growth and margin and expansion into less cyclical markets.

The company’s investment includes around EUR 200 million for a new annealing and pickling line in Tornio, Finland, expected to generate EUR 70 million in annual EBITDA improvements. At the same time, two less competitive lines in Krefeld, Germany, will be closed. The Tornio investment is expected to begin in 2026, with most savings realized in 2027-2028.

Outokumpu also plans annual investments of EUR 100 million in its foundational businesses and is exploring high-value growth opportunities, including expanding into the global advanced materials and alloys market, and potentially investing in its melt shop in Avesta, Sweden, to further develop its high-nickel alloy business.

In terms of the financial targets for 2026-2030, the company aims a net debt to EBITDA ratio of 1.0x and a stable and growing dividend over time.