SSAB shares rise after Q1 EBITDA beat

SSAB AB

29/04/2025 09:26

** Shares in SSAB SSABa.ST rise 5% after the Swedish steelmaker's Q1 profit beat estimates helped by its Special Steel and Europe divisions

** Jefferies says SSAB's Q1 EBITDA of SEK 2,369 million  ($246.25 million) is a 13% beat versus the SEK 2,103 million seen by Factset consensus

** The beat is driven by solid shipments in the Special Steel division, Jefferies says, adding that the Europe division beat low expectations with timid signs of recovery

** JPM says the Q2 guidance points to a rising quarter-on-quarter EBITDA trajectory due to slightly higher shipments and steel prices

($1 = 9.6204 Swedish crowns)

 (Reporting by Marta Frackowiak)

 ((marta.frackowiak@thomsonreuters.com; +48 58 7696600;))