SSAB : Drop expected in Q4 2024 ahead of a still uncertain upturn in Q1 2025
>Solid results again in Q3 thanks to strong price discipline - SSAB released yesterday another set of solid results in Q3, with EBITDA of SEK 2.3bn beating the consensus by 11% despite falling sharply from Q2 (-43%) because of particularly strong seasonality amid a general economic slowdown and extensive maintenance activity. These results were marked again by resilient prices (except in US plates), a reflection of the group’s more premium positioning and prudent mar...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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