Goodwill impairment during the fourth quarter
SSAB makes an impairment charge of SEK 33.3 billion related to the Group’s total goodwill of SEK 33.6 billion. The impairment is reported as an item affecting comparability in the fourth quarter of 2022 and does not affect cash flow. SSAB has a strong financial position and the ability to pursue its dividend policy is unaffected.SSAB has had a significant amount of goodwill on the balance sheet, mainly related to the acquisitions of Ipsco and Rautaruukki in 2007 and 2014 respectively. These acquisitions have laid the foundation for today’s SSAB and have delivered good results and cash flows