Q2/2020: Earnings impacted negatively by lower demand, stable performance from Special Steels
The second quarter · Revenue was SEK 15,155 (20,654) million · EBITDA was SEK 705 (2,419) million · Operating profit/loss was SEK -251 (1,316) million · Earnings per share were SEK -0.28 (0.98)Comments by the CEO SSAB’s operating result for the second quarter of 2020 was SEK -251 million, down SEK 1,567 million compared with the second quarter of 2019. The steel markets were affected by lower economic activity following the outbreak of Covid-19. Compared with the first quarter of 2020, which was largely unaffected by Covid-19, earnings contracted by SEK 594 million.