Edition:
United Kingdom

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​.​. 

Company Quote

28.53
-0.24 -0.83%
13 Nov 2018