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SSAB B SSAB AB News Story

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Brief: SSAB Says Outlook For Q4 Is Uncertain

Oct 22 (Reuters) - SSAB AB SSABa.ST:

SSAB Q3 EPS SEK 1.49

SSAB Q3 REVENUE SEK 22,960 MILLION VERSUS. ESTIMATE SEK 23,567 MILLION

SSAB Q3 EBIT SEK 1,869 MILLION VERSUS. ESTIMATE SEK 1,746 MILLION

EUROPEAN STEEL MARKET WAS CAUTIOUS DURING SEASONALLY WEAKER Q3

MARKET PRICES IN NORTH AMERICA FOR HEAVY PLATE SOFTENED SOMEWHAT DURING QUARTER

DIRECT IMPACT OF US STEEL TARIFFS ON SSAB HAS SO FAR BEEN LIMITED

WILL CARRY OUT PLANNED MAINTENANCE BOTH IN NORTH AMERICA AND IN EUROPE DURING Q4.

FY TOTAL MAINTENANCE COSTS SEEN AT SEK  1,530 MILLION (EARLIER VIEW: SEK 1,570 MILLION)

OUTLOOK FOR Q4 IS UNCERTAIN, WHERE MARKET IN EUROPE IS NORMALLY AFFECTED BY CERTAIN SEASONAL SLOWDOWN TOWARDS END OF YEAR

COMPARED WITH Q3, SSAB SPECIAL STEELS’ SHIPMENTS ARE ASSESSED TO BE SOMEWHAT LOWER WITH STABLE PRICES IN Q4

SSAB EUROPE’S SHIPMENTS ARE EXPECTED TO BE HIGHER DURING Q4 COMPARED TO Q3

Q4 OUTLOOK: SSAB AMERICAS, BOTH SHIPMENTS AND PRICES ARE ASSESSED TO BE SOMEWHAT LOWER Q/Q

COSTS OF RAW MATERIALS FOR SSAB SPECIAL STEELS AND SSAB EUROPE ARE EXPECTED TO BE SOMEWHAT LOWER IN Q4 VERSUS Q3

COSTS OF RAW MATERIALS FOR SSAB AMERICAS ARE EXPECTED TO BE STABLE DURING Q4 COMPARED TO Q3

ON EUROPEAN COMMISSION'S NEW MEASURES: NEXT STEP IS FOR EUROPEAN PARLIAMENT AND COUNCIL OF MINISTERS TO EXAMINE AND DECIDE ON PROPOSAL

Source text: ID:nWkr6rTjcH

Further company coverage: [SSABa.ST]

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))

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