SSAB : Q4 postview: resilience confirmed but Q1 a bit more challenging than expected
>Good quality release despite some negative points and robust indications for Q1 - SSAB yesterday reported another robust set of results with Q4 EBITDA of SEK 3.4bn, 19% above consensus and 13% above our estimates (cf. yesterday’s First Take). SSAB Europe was the main cause for satisfaction, a performance that rewards the proactive cost management with efforts undertaken before most other steelmakers. In a challenging market environment, prices and volumes, reflecting...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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