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SSAB AB (SSABb.ST)

SSABb.ST on Stockholm Stock Exchange

32.17SEK
16 Aug 2018
Change (% chg)

0.54kr (+1.71%)
Prev Close
31.63kr
Open
31.80kr
Day's High
32.50kr
Day's Low
31.80kr
Volume
1,945,918
Avg. Vol
3,770,385
52-wk High
42.93kr
52-wk Low
30.68kr

Latest Key Developments (Source: Significant Developments)

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

SSAB to start using liquefied natural gas in Raahe mill
Monday, 27 Nov 2017 

Nov 27 (Reuters) - SSAB ::SSAB TO START USING LIQUEFIED NATURAL GAS IN RAAHE.  Full Article

SSAB Q3 operating profit tops forecast, sees stable Q4 shipments
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - SSAB AB :Q3 ‍sales were SEK 16,188 (13,477) million​.Q3 ‍operating profit was SEK 1,089 (707) million.Reuters poll: SSAB Q3 operating profit seen at SEK 961 million, sales at 15.6 billion​.SSAB says ‍underlying demand is considered to be at a good level, albeit with a seasonally weaker product mix during Q4​.Says overall, SSAB’s shipments during the fourth quarter are expected to be in line with those of the third quarter‍​.SSAB AB says ‍in North America, shipments increased during quarter​.Says it is anticipated that overall the prices realized by SSAB during the fourth quarter will be somewhat lower compared with prior quarter.Says this is attributable to SSAB Americas and to a seasonally weaker mix in SSAB Europe.SSAB says ‍market prices for heavy plate decreased during quarter and short-term outlook is somewhat uncertain.​.SSAB says ‍target to reduce net debt by SEK 10 billion between end of Q1 of 2016 and end of 2017 is progressing according to plan​.Says SSAB Europe will carry out planned maintenance outages during Q4, these outages are expected to have an impact of SEK 180 million (excluding lost margins) on earnings..Says in North America, demand for heavy plate is anticipated to be stable during the fourth quarter.Says in Europe, demand is expected to be good..  Full Article

SSAB Q4 operating profit lags forecast
Wednesday, 15 Feb 2017 

SSAB AB : SSAB Q4 sales were SEK 14,442 (12,499) million . SSAB Q4 operating profit/loss was SEK 107 (-878) million . Says board proposes that no dividend will be paid for 2016 . Says in North America Q4 was adversely affected by lower realized prices . Says market prices, however, rose during quarter, which is expected to impact positively on SSAB's realized prices and margins from Q1 of 2017 onwards . Reuters poll: SSAB Q4 operating profit seen at SEK 244 million, sales at 13.4 billion . Lower profit in Q4 vs Q3 largely due to Special Steels, where there was a production breakdown in Oxelosund . Says convinced that we will continue to strengthen our position during 2017 . Says in North America, demand for heavy plate is anticipated to be good during the first quarter of 2017 and distributors are expected to increase purchases in the wake of low stock levels . Says in Europe, demand is similarly anticipated to be good during the first quarter; although no major changes in either end customer or distributor stock levels are expected . Says it is anticipated that import volumes into North America will gradually decline as a result of import duties, although in Europe no major change in import volumes is expected . Says it is expected that the underlying demand for high-strength steels will be relatively unchanged during the first quarter, even though the production breakdown in Oxelosund will impact shipments negatively during the quarter.  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.