Outokumpu

Capital structure


During 2010, Outokumpu's net interest-bearing debt increased by EUR 647 million and totalled EUR 1 837 million at the end of 2010 (31 Dec 2009: EUR 1 191 million).

Outokumpu’s gearing at the end of the year was at 77.3% (31 Dec 2009: 48.6%), somewhat above the Group’s stated target of less than 75%. At the end of 2010, Outokumpu’s equity-to-assets ratio was 42.2% (2009: 50.6%).

 

Key financial indicators on financial position

EUR million

 2010 2009 2008
Net interest-bearing debt
  Long-term debt 1 529 1 038 1 219
  Current debt 980 703 581
Total interest-bearing debt 2 509 1 741 1 800
Interest-bearing assets -672 -550 -714
Net interest-bearing debt 1 837 1 191 1 085
Shareholder's equity 2 376 2 451 2 795
Return on equity, % -5.1 -12.8 -6.2
Debt-to equity ratio, % 77.3 48.6 38.8
Equity-to-assets ratio, % 42.2 50.6 52.4
Net cash generated from operating activities -497 201 662
Net interest expenses 38 22 55