SSAB Report for the first quarter of 2013

4/25/2013 2:00 AM EST

The quarter

· Sales of SEK 8,833 (11,023) million
· Operating profit/loss of SEK -136 (479) million
· Profit/loss after financial items of SEK -278 (329) million
· Earnings per share of SEK -0.42 (0.87)
· Operating cash flow of SEK 85 (1,887) million and cash flow from current operations of SEK -111 (1,684) million
Comments by the CEO

The economic activity in North America and Asia strengthened somewhat while, as expected, the trend in Europe was very weak. The first quarter was characterized by a degree of restocking by customers, which had a positive impact on SSAB's volumes within all business areas. Prices of SSAB’s products were marginally lower during the quarter. Variable as well as fixed costs were lower during the quarter. In North America, margins were negatively affected by the fact that scrap metal prices remained at a relatively high level.

During the quarter, we completed all parts of the previously announced efficiency program. This will gradually...

SSAB presents steel for use in high temperatures

4/18/2013 4:00 AM EST

Toolox, with its high temperature characteristics, will be presented by SSAB at Bauma in Germany. The steel, which was...

SSAB introduces product sector Tubes & Profiles

4/17/2013 4:00 AM EST

SSAB will introduce its new product sector Tubes & Profiles in connection with the Bauma trade fair in Germany. This...

SSAB launches new method to measure material wear – positive characteristics of Hardox 450

4/16/2013 4:00 AM EST

SSAB is first to develop a method for measuring material wear from gravel flows. The method has been used in tests on Hardox 450 and the results show positive wearcharacteristics,...

SSAB presents new steel generation at Bauma trade fair

4/15/2013 4:00 AM EST

SSAB will present a new steel generation at the Bauma trade fair – Domex 900/960 and 1100. The new steels have higher...

Resolutions adopted at SSAB’s 2013 AGM

4/12/2013 9:30 AM EST

SSAB's annual general meeting was held today, April 12, 2013, in Stockholm.
Dividend

The AGM resolved upon a dividend of SEK 1.00 per share, with a record date of April 17,...

Invitation to SSAB’s first quarter 2013 results briefing

4/11/2013 8:30 AM EST

SSAB invites you to a presentation of the quarterly report at 09.30 a.m. CET on Thursday, April 25, 2013. The report is scheduled for publication at 08:00 a.m. CET the same date.

Meet SSAB at Bauma 2013

4/10/2013 4:00 AM EST

Join us at Bauma, Hall A6 Stand 423. Meet our team of experts and listen to SSABs Steel Talks about upgraded materials and services.

SSAB's annual report for 2012

3/22/2013 3:00 AM EST

Today, SSAB announced that the company's Annual Report for 2012 in Swedish and English are available at www.ssab.com.
The printed versions will be available for distribution...

Notice to attend SSAB’s Annual General Meeting, April 12, 2013

3/6/2013 2:00 AM EST

In accordance with NASDAQ OMX Stockholm AB’s Rule Book for Issuers, SSAB AB hereby announces, through a press release, the content of the notice to attend SSAB’s Annual General...

Håkan Folin, ny ekonomi- och finansdirektör

Håkan Folin – SSAB’s new CFO

2/27/2013 2:00 AM EST

SSAB has appointed Håkan Folin as its new Chief Financial Officer. He has previously held a number of senior positions...

SSAB Results for 2012

2/8/2013 2:00 AM EST

The quarter · Sales of SEK 8,354 (10,898) million · Operating profit/loss of SEK -665 (50) million · Loss after financial items of SEK -842 (-98) million · Earnings per...

Invitation to SSAB’s fourth quarter 2012 results briefing

1/25/2013 5:00 AM EST

SSAB invites you to a presentation of the quarterly report at 09.30 a.m. CET on Friday, February 8, 2013. The report is scheduled for publication at 08:00 a.m. CET the same date.

Change in SSAB’s Group Executive Committee

1/25/2013 2:15 AM EST

SSAB’s CFO Marco Wirén is leaving his position. He will take up the position of CFO of the Finnish industrial company Wärtsilä on August 1.

SSAB releases new Welding Guide for AHSS/UHSS steels in the Automotive Industry

1/22/2013 4:00 AM EST

Sweden: In yet another step to address the growing demand for AHSS/UHSS steels in the automotive industry, SSAB has...

Change in SSAB’s Group Executive Committee

1/9/2013 6:00 AM EST

SSAB’s Chief Technical Officer KG Ramström is to leave his position. He has been appointed CEO of the IT consulting company Prevas, with effect from April 1.

SSAB High strength steel Alpine environment 2

High strength steel winner in Alpine environment

12/18/2012 4:00 AM EST

For most people the thought of being on a vertical wall of ice would probably be their idea of a nightmare. For others...

SSAB issues 5-year Swedish bonds

12/7/2012 8:00 AM EST

SSAB yesterday issued 5-year bonds on the Swedish capital market with a total value of SEK 1,000 million. The issuance was carried out in two tranches: a fixed interest bond...

SSAB announces price increases

12/5/2012 9:00 AM EST

SSAB EMEA is raising its prices for hot rolled, cold rolled and galvanized coil, as well as heavy plate. Prices are being increased by at least SEK 300 per tonne. The price...

Environmental efficacy rewarded with the 2012 Swedish Steel Prize

11/15/2012 4:30 PM EST

This year, the Swedish Steel Prize has been awarded to A-Ward Attachments Ltd. of New Zealand. The company has designed...

SSAB improves availability of Hardox

11/7/2012 4:00 AM EST

SSAB is improving availability of its abrasion-resistant steel Hardox through its new Ready Made program, which will provide customers with greater delivery reliability of newly...

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SSAB is a global leader in value added, high strength steel. SSAB offers products developed in close cooperation with its customers to reach a stronger, lighter and more sustainable world. SSAB employs 9 200 people in ov...

CONTACT

SSAB
+46 (0) 8 454 57 00
http://www.ssab.com

Ulrika Lilja
Director External Communications
+46 72 209 31 54

SSAB

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