Third quarter 2007

The quarter
• Sales during the third quarter amounted to SEK 13,686 (7,020) million, of which SEK 5,838 million derive from IPSCO.

• Profit (EBITDA) amounted to SEK 1,946 (1,366) million and, excluding non-recurring items, to SEK 2,956 (1,289) million. Operating profit amounted to SEK 1,255 (1,127) million and, excluding non-recurring items, to SEK 2,265 (1,050) million. Profit after financial items amounted to SEK 497 (1,119) million and, excluding non-recurring items, to SEK 1,768 (1,042) million. The profit for the third quarter includes non-recurring items of SEK -1,271 (77) million, which were previously reported in the prospectus for SSAB's new issue.

9 months
• Sales increased by 39% to SEK 31,565 (22,738) million, of which SEK 5,838 million (26 percentage points) of the increase was due to the acquisition of IPSCO.

• Operating profit increased by SEK 784 million to SEK 5,249 (4,465) million. Excluding non-recurring items of SEK -972 (77) million, operating profit amounted to SEK 6,221 (4,388) million.

• Profit after financial items increased by SEK 55 million to SEK 4,508 (4,453) million. Excluding non-recurring items of SEK -1,233 (77) million, profit amounted to SEK 5,741 (4,376) million. Profit after tax amounted to SEK 3,293 (3,169) million, entailing earnings per share of SEK 11.17 (10.63).

• Return on capital employed for the most recent twelve-month period was 23% and return on equity was 25%.

• Cash flow from current operations for the quarter amounted to SEK 986 (932) million and, for the first three quarters, to SEK 2,866 (3,148) million.

• On July 18, all shares in the North American steel company, IPSCO, were acquired for just over USD 7.5 billion. IPSCO is reported as a separate division in the SSAB Group.

• A new issue with pre-emption rights for existing shareholders was carried out during the quarter whereupon SEK 10 billion in equity was raised.

• The Swedish steel operations' deliveries of the core niche products, quenched and advanced high-strength steels, increased during the third quarter by 20% compared with last year, and so far this year have increased by 14%. In total, the core niche products accounted for 44% of deliveries from the Swedish steel operations.