SSAB : Solid Q2 but grim Q3 outlook
>Q2 in line and stable on Q1 thanks to Europe normalisation - SSAB delivered solid Q2 results with EBITDA at SEK 4.0bn, in line with consensus and 14% above ODDO BHF. Net result also came in line with consensus at SEK 2.4bn. Q2 EBITDA edged down 2% vs Q1 as normalization in Europe (from the weak Q1 level) was more than offset by weaker trends in the two other core Special Steels and Americas divisions. Europe benefitted from the end of the strike (SEK125m impact vs S...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.