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SSAB AB (SSABa.ST)

SSABa.ST on Stockholm Stock Exchange

39.94SEK
19 Oct 2018
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Latest Key Developments (Source: Significant Developments)

SSAB Europe to invest SEK 300 mln over 2 years to improve efficiency of its tube production
Friday, 5 Oct 2018 

Oct 5 (Reuters) - SSAB AB ::SSAB EUROPE INVESTS IN THE TUBE PRODUCTION AND IMPROVES EFFICIENCY.SAYS SSAB EUROPE WILL INVEST SEK 300 MILLION OVER A 2-YEAR PERIOD TO IMPROVE EFFICIENCY OF ITS TUBE PRODUCTION.SAYS IN SAME CONTEXT, TUBE BUSINESS WILL BE CENTRALIZED TO SECURE LONG-TERM COMPETITIVENESS.SAYS SSAB EUROPE AIMS TO INCREASE SALES VOLUMES OF PREMIUM PRODUCTS, WHICH ARE MORE PROFITABLE THAN STANDARD PRODUCTS.SAYS AS A RESULT OF RESTRUCTURING, LAPPOHJA TUBE MILL WILL BE CLOSED GRADUALLY BY END OF 2020.  Full Article

Johnny Sjöström To Be New Head Of SSAB Special Steels
Wednesday, 26 Sep 2018 

Sept 26 (Reuters) - SSAB AB ::JOHNNY SJÖSTRÖM TO BE NEW HEAD OF SSAB SPECIAL STEELS.HE WILL JOIN SSAB FROM UDDEHOLM, WHERE HE HAS BEEN CEO SINCE 2014.SAYS HE SUCCEEDS PER OLOF STARK, WHO WILL RETIRE IN 2019.  Full Article

SSAB Issues Bonds Amounting EUR 150M
Thursday, 30 Aug 2018 

Aug 30 (Reuters) - SSAB AB ::SSAB ISSUES BONDS AMOUNTING EUR 150M.SAYS ISSUES BONDS AMOUNTING TO EUR 150M WITH A TENOR OF 5 YEARS FOR GENERAL CORPORATE PURPOSES.  Full Article

Industrivärden divests shares in SSAB for SEK 3,073 mln
Monday, 23 Apr 2018 

April 23 (Reuters) - Industrivarden Ab ::REG-INDUSTRIVÄRDEN DIVESTS SHARES IN SSAB FOR SEK 3,073 MILLION.DIVESTED ITS ENTIRE HOLDING OF 54.6 MILLION CLASS B SHARES IN SSAB AT A PRICE OF SEK 39.20 PER CLASS B SHARE.19 MILLION CLASS A SHARES HAVE BEEN DIVESTED AT A PRICE OF SEK 49.00 PER CLASS A SHARE. PROCEEDS OF SALE TOTALS SEK 3,073 MILLION.DIVESTED SHARES REPRESENT 7.15 PERCENT OF CAPITAL AND 6.49 PERCENT OF VOTES IN SSAB.  Full Article

Bookrunner Launch SSAB AB Accelerated Bookbuild Offering Of Ordinary Shares
Monday, 23 Apr 2018 

April 23 (Reuters) - SSAB AB's BOOKRUNNER::BLOCK TRADE - SSAB AB: BOOKRUNNER LAUNCH SSAB AB ACCELERATED BOOKBUILD OFFERING OF ORDINARY SHARES IN SSAB AB.BLOCK TRADE - SSAB AB: BOOKRUNNER SAYS ABO OF ABOUT 19.0 MILLION A SHARES, AT C. SEK 952 MILLION/ C. $112 MILLION.BLOCK TRADE - SSAB AB: BOOKRUNNER SAYS ABO OF ABOUT 54.6 MILLION ORDINARY SECONDARY SHARES OF B SHARES, OFFERING SIZE C. SEK 2.2 BILLION / C. $259 MILLION.  Full Article

Both Books Are Covered, Price Guidance To Follow In SSAB AB Secondary ABO - Bookrunner
Monday, 23 Apr 2018 

April 23 (Reuters) - SSAB AB's BOOKRUNNER::BLOCK TRADE - SSAB AB: BOOKRUNNER SAYS BOTH BOOKS ARE COVERED, PRICE GUIDANCE TO FOLLOW IN SSAB AB SECONDARY ACCELERATED BOOKBUILD OFFERING.  Full Article

Bookrunner Says A-Shares Below SEK 49 Per Share Risk Missing In SSAB Secondary ABO
Monday, 23 Apr 2018 

April 23 (Reuters) - SSAB AB'S BOOKRUNNER::BLOCK TRADE - SSAB AB: BOOKRUNNER SAYS ON THE A-SHARES, ORDERS BELOW SEK 49 PER SHARE RISK MISSING.BLOCK TRADE - SSAB AB: BOOKRUNNER SAYS ON THE B-SHARES, ORDERS BELOW SEK 39.20 PER SHARE RISK MISSING.  Full Article

SSAB Q4 operating profit lags forecast, proposes first dividend since 2012
Friday, 26 Jan 2018 

Jan 26 (Reuters) - Ssab AB ::RESULTS FOR 2017: IMPROVED EARNINGS AND STRONG CASH FLOW, NET DEBT REDUCTION TARGET EXCEEDED.SAYS ‍BOARD PROPOSES A DIVIDEND OF SEK 1.00 PER SHARE​.Q4 ‍OPERATING PROFIT WAS SEK 843 (107) MILLION​.Q4 ‍SALES WERE SEK 17,017 (14,442) MILLION​.REUTERS POLL: SSAB Q4 OPERATING PROFIT SEEN AT SEK 1,013 MILLION, SALES AT 15.7 BILLION, DIVIDEND AT 0.90 SEK/SHARE.CEOSAYS ‍OVERALL, I HAVE A POSITIVE VIEW OF 2018​.SAYS T IS ANTICIPATED THAT OVERALL THE PRICES REALIZED DURING THE FIRST QUARTER BY SSAB’S THREE STEEL DIVISIONS WILL BE SOMEWHAT HIGHER COMPARED WITH THE FOURTH QUARTER OF 2017.SAYS H THIS IMPACT WILL TO A CERTAIN EXTENT BE COUNTERACTED BY HIGHER RAW MATERIAL COSTS.SAYS HAS ‍BUILT A STRONG PLATFORM TO CONTINUE TO DRIVE INITIATIVES FOR PROFITABLE GROWTH.​.SAYS IN NORTH AMERICA, DEMAND FOR HEAVY PLATE IS EXPECTED TO BE GOOD DURING THE FIRST QUARTER OF 2018.SAYS IN EUROPE, DEMAND FOR STRIP AND HEAVY PLATE IS EXPECTED TO REMAIN GOOD.SAYS IT IS ANTICIPATED THAT THE UNDERLYING DEMAND FOR HIGH-STRENGTH STEEL WILL CONTINUE TO SHOW POSITIVE DEVELOPMENT.SAYS SHIPMENTS BY SSAB EUROPE AND SSAB AMERICAS DURING THE FIRST QUARTER OF 2018 ARE EXPECTED TO BE SOMEWHAT HIGHER THAN DURING THE FOURTH QUARTER OF 2017, WHEREAS SHIPMENTS BY SSAB SPECIAL STEELS ARE EXPECTED TO BE STABLE.SAYS ‍POSITIVE TREND IN DEMAND IS EXPECTED TO CONTINUE DURING Q1.​.SAYS THERE ARE NO MAJOR PLANNED MAINTENANCE OUTAGES DURING THE FIRST QUARTER OF 2018.  Full Article

SSAB revises financial targets
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - SSAB::SSAB REVISES FINANCIAL TARGETS.SAYS ‍DIVIDENDS WILL CONSTITUTE 30-50% OF PROFIT AFTER TAX (EARLIER 50% OVER A BUSINESS CYCLE)​.SAYS ‍NET DEBT/EQUITY RATIO WILL NOT NORMALLY EXCEED 35% (EARLIER LONG-TERM RATIO OF 30%)​.SAYS ‍SSAB'S GOAL TO ACHIEVE INDUSTRY-LEADING PROFITABILITY REMAINS UNCHANGED.SAYS THIS IS DEFINED AS PROFITABILITY MEASURED AS THE HIGHEST EBITDA MARGIN AMONG THE FOLLOWING COMPARABLE PEERS; ARCELORMITTAL, AK STEEL, NUCOR, SALZGITTER, TATA STEEL EUROPE, THYSSENKRUPP AND US STEEL​.​.  Full Article

SSAB says reaches settlement for breakdown in Oxelosund‍​
Wednesday, 13 Dec 2017 

Dec 13 (Reuters) - Ssab Ab ::SAYS HAS REACHED A FINAL SETTLEMENT OF AROUND SEK 315 MILLION WITH INSURANCE COMPANY AND SUPPLIER IN COMPENSATION FOR BREAK DOWN THAT OCCURRED IN OXELÖSUND IN DECEMBER 2016​.SAYS ‍SETTLEMENT WILL HAVE A POSITIVE IMPACT OF AROUND SEK 265 MILLION ON RESULT FOR Q4 OF 2017​.  Full Article

UPDATE 1-Steelmaker SSAB Q2 lags forecast, Americas weaker than expected

STOCKHOLM, July 20 Swedish steelmaker SSAB missed second-quarter operating earnings expectations on Friday due to a smaller-than-expected boost from soaring U.S steel prices.