SSAB : Premium positioning and the US remain buoyant, towards a more dynamic trend as of Q1 2024
>Positioning on premium and the US still paying off - Yesterday, SSAB delivered a convincing publication with Q3 EBITDA of SEK 5.31bn, 17% above consensus and our own estimates (cf. our first take published yesterday). Above all we note the very good price resileince at the three main divisions, which rewards the group’s positioning on premium categories which are relatively well protected from competition. This resilience also reflects continuous efforts to improve t...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.
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