SSAB : Serious strengths to weather ongoing turbulence, rating and target price upgraded
>SSAB Europe in recession front line, Americas and Special Steel more resilient - Like the sector as a whole, SSAB has been under pressure since this summer from a sharp deterioration in market conditions with the decline in demand and the continued increase in most raw material prices. The Scandinavian no. 1 suffers from its sizeable exposure to Europe (63% of sales) and particularly to Nordics (34% of sales) which are on the front line of the fallout from the war in...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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