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Results for 2007

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• Proposal that the dividend per share be increased to SEK 5.00 (4.50), equal to SEK 1,620 (1,166) million.

The Quarter
• Sales during the fourth quarter amounted to SEK 16,086 (8,316) million, of which IPSCO contributed SEK 7,479 million.
• Operating profit amounted to SEK 2,844 (1,575) million, of which IPSCO contributed SEK 1,082 million. Excluding non-recurring items of SEK 50 (87) million, operating profit amounted to SEK 2,794 (1,488) million, of which IPSCO contributed SEK 1,091 million.
• Profit after financial items amounted to SEK 1,923 (1,585) million, of which IPSCO contributed SEK 65 million. Excluding non-recurring items of SEK -201 (87) million, profit was SEK 2,124 (1,498) million, of which IPSCO contributed SEK 316 million.
• Cash flow from current operations for the quarter amounted to SEK 1,091 (810) million.

The full year of 2007
• Sales increased by 53% to SEK 47,651 (31,054) million, of which IPSCO contributed SEK 13,317 million (43 percentage points).
• Operating profit was SEK 8,061 (5,951) million, of which IPSCO contributed SEK 951 million. Excluding non-recurring items of SEK -922 (164) million, operating profit was SEK 8,983 (5,787) million, of which IPSCO contributed SEK 1,970 million.
• Profit after financial items amounted to SEK 6,399 (5,949) million, of which IPSCO contributed SEK -829 million. This means that the profit in the “old SSAB” was SEK 7,228 (5,946) million, which is he highest ever. Excluding non-recurring items of SEK -1,434 (164) million, profit was SEK 7,833 (5,785) million, an increase of 35%, of which IPSCO contributed SEK 702 million.
• Profit after tax was SEK 4,685 (4,341) million, entailing earnings per share of SEK 15.45 (14.66).
• Cash flow from current operations for the year amounted to SEK 3,957 (3,958) million.
• Return on capital employed was 18 (36)% and return on equity was 22 (29)%.
• At the time of the acquisition of IPSCO, the net debt/equity ratio was 313% and, after the new issue, 171%. At the end of 2007, the net debt/equity ratio was down to 148%.

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