Third quarter 2003

Report for the First Three Quarters of 2003

Sales during the first three quarters increased by 3% and amounted to SEK 14,788 (14,404) million. Higher prices accounted for 5%, while lower volumes of in particular steel slabs resulted in a reduction of 2%.
Profit after financial items for the first three quarters amounted to SEK 101 (79) million. Profit for the first three quarters thereby increased by SEK 325 million and amounted to SEK 881 (556) million.
Profit after tax for the first three quarters amounted to SEK 593 (382) million, equal to earnings per share of SEK 5.90 (3.80).
Deliveries of extra and ultra high-strength sheet and quenched steels during the third quarter increased by 9% over last year and, thus far this year, have increased by 15%.
Cash flow for the third quarter improved and amounted to SEK 189 (-31) million.

About Us

SSAB is a Nordic and US-based steel company. SSAB offers value added products and servicesdeveloped in close cooperation with its customers to create a stronger, lighter and more sustainableworld. SSAB has employees in over 50 countries. SSAB has production facilities in Sweden, Finlandand the US. SSAB is listed on the Nasdaq OMX Nordic Exchange in Stockholm and has asecondary listing on the Nasdaq OMX in Helsinki. www.ssab.com

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