SSAB : Q2 preview: a transition quarter on less buoyant US trends
>US and decarbonisation weighing on share price performance - After an exceptional 2023 and a solid start to 2024, SSAB’s stock performance has been very negative in recent months. The 25% year-to-date share price drop puts the group midway between ThyssenKrupp (-34%) and Salzgitter (-31%) on the one hand, and voestalpine (-14%) and ArcelorMittal (-15%) on the other. Whilst the group’s strong US exposure (>one-third of sales and est. two-thirds of EBITDA) buoyed perfo...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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