SSAB : In good shape to get through a more difficult H2 than expected
>Solid Q2 results thanks to good price discipline - SSAB yesterday reported solid Q2 results, with EBITDA of SEK 4bn (-2.5% vs Q1) and net income of SEK 2.4bn (-6%) fully in line with expectations. Volume performance was below the guidance issued at the end of Q1 due to a wait-and-see attitude on the part of customers. By contrast, prices turned out to be better than expected in all three main divisions, including US plates, where the recent fall in spot market prices...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.