News and Press Releases

Ovako today announced that Nizar Ghoussaini at his own request is resigning his seat as a director on Ovako’s board of directors as of December 31…

Ovako has today published climate declarations, outlining the carbon footprint rendered by the company’s products from cradle to gate. The declarations help clarify that the CO2 footprint of Ovako’s bar steel products is approximately 80 percent lower than the world average.

Ovako has decided to invest in a new degassing vacuum pump system in its Imatra production site, to improve the production process and the site’s…

Today Ovako announced its result for the third quarter 2017. EBITDA before restructuring costs improved to EUR 9 (5) million. Sales volume during the quarter amounted to 162 kton, 11 percent higher than previous year. Order intake increased by 14 percent, while the order book was more than 50 percent higher compared to corresponding time last year. Cash flow from operating activities improved from EUR 3 to 14 million. Ovako’s restructuring program has delivered savings of EUR 4 million during the quarter.

On Wednesday 25 October 2017, at 08:00 CET, Ovako Group AB will publish its third quarter 2017 report. Financial analysts and investors in Ovako's senior…

Ovako today announced that Oskari Eskola is at his own request resigning his seat as a director on Ovako’s board due to leaving his employment with…

This week at the Euromat 2017 congress, Ovako has introduced a new innovative steel family that challenges traditional steel categorizations – Hybrid Steel. It offers properties of tool steel, maraging steel and stainless steel, combined with the production economy of engineering steel. It is set to enable customers to achieve exceptional performance and help reduce production costs.

In order to refinance Ovako AB (publ)’s (“Ovako”) existing EUR 300 million 6.5 per cent senior secured notes, due 2019, Ovako has given…