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OUT1V Outokumpu Oyj News Story

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Brief: Outokumpu Expects Tax Hikes To Affect Profits, Investments

Oct 17 (Reuters) - Outokumpu Oyj OUT1V.HE:

EFFECTS OF INCREASE IN MINING MINERAL TAX ON OUTOKUMPU - INVESTMENTS IN FINLAND WILL BE POSTPONED AND LIFETIME OF KEMI MINE SHORTENED

INCREASE OF MINING MINERAL TAX, REMOVAL OF ELECTRICITY SUBSIDIES, AND CHANGE IN ELECTRICITY TAX CATEGORY WILL REDUCE OUTOKUMPU'S PROFITABILITY BY ABOUT EUR 50 MILLION PER YEAR

Source text: ID:nWkr2Rz1tX

Further company coverage: OUT1V.HE

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))

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