SSAB : Very solid fundamentals. Margin improvement hampered by maintenance stoppages in Q3 2021
>Still very solid fundamentals in Q3 2021 - Management believes that demand is solid in all segments except energy (oil and gas). The impact of the shortage of semiconductors, particularly in the automotive sector, does not seem to be affecting demand for advanced high strength steels (AHSS). The backlog is full for Q3 at SSAB Specialty Steels (26% of EBITDA of Q2 2021) and SSAB Europe (39% of EBITDA) while management has (tactically) decided to keep capacity at SSAB ...SSAB is a supplier of high strength steels with products comprising various qualities and dimensions within wear steels and structural steels. Co.'s solutions also include services, from concept to finished delivery. SSAB Wear Services also provides advice, repairs, and sales of spare parts to the aftermarket. The business is organized into three business areas; SSAB Americas, SSAB EMEA and SSAB APAC as well as the subsidiary, Tibnor, which is a steel distributor in the Nordic region. SSAB EMEA consist of Europe, the Middle East and Africa; SSAB Americas of North and Latin America; SSAB APAC of Asia, Australia and New Zealand and Tibnor of steel and metal distribution in northern Europe.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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