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SSAB B SSAB AB News Story

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Brief: SSAB Reports Q1 Operating Profit Up At SEK 2.2 Billion

April 28 (Reuters) - SSAB AB SSABa.ST:

Q1 EPS SEK 1.61

Q1 REVENUE SEK 25,336 MILLION

Q1 EBIT SEK 2,201 MILLION

FY TOTAL MAINTENANCE COSTS FOR 2026 SEEN AT SEK 1,450 MILLION (EARLIER VIEW: SEK 1,450 MILLION)

Q2 OUTLOOK: SHIPMENTS FOR SSAB SPECIAL STEELS, SSAB EUROPE, SSAB AMERICAS STABLE

Q2 OUTLOOK: COSTS OF RAW MATERIALS FOR SSAB SPECIAL STEELS AND SSAB EUROPE ARE EXPECTED TO BE SOMEWHAT HIGHER  COMPARED TO Q1

Q2 OUTLOOK: COSTS FOR SSAB AMERICAS ARE EXPECTED TO BE FAIRLY STABLE

DIRECT EFFECTS FROM WAR IN PERSIAN GULF HAVE BEEN LIMITED, BUT CUSTOMERS BECOMING MORE CAUTIOUS ACROSS SEVERAL MARKETS

UNDERLYING DEMAND IN EUROPE SHOWED SOME IMPROVEMENT

WITHIN THE GLOBAL MARKET FOR HIGH-STRENGTH STEELS, DEMAND WAS SEASONALLY HIGHER COMPARED WITH THE PREVIOUS  QUARTER

THERE IS RISK THAT PROLONGED CONFLICT IN PERSIAN GULF COULD NEGATIVELY AFFECT ECONOMIC ACTIVITY

Source text: ID:nWkr7CZRSV

Further company coverage: SSABa.ST

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

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