Sweden's SSAB Q1 operating result rises as Europe and Americas improve

SSAB AB

28/04/2026 06:43

Overview

Sweden steelmaker's Q1 revenue was nearly flat yr/yr, while operating result improved

Earnings per share rose to SEK 1.61 from SEK 1.13 in prior year

Company says improved results driven by SSAB Europe and SSAB Americas segments

Outlook

SSAB expects EU trade measures to improve supply-demand balance in European steel market

Company says customers are becoming more cautious due to conflict in Persian Gulf

SSAB continues transformation to modern and fossil-free operations; Oxelösund conversion progressing

Result Drivers

SEGMENT PERFORMANCE - Co said improved operating result was mainly due to better results in SSAB Europe and SSAB Americas

ADVANCED STEELS SHIPMENTS - Shipments of advanced steels were at a good level, which co says is key to its premium strategy

CUSTOMER CAUTION - Co said customers are becoming more cautious across several markets amid geopolitical uncertainty

Company press release: ID:nWkr7CZRSV

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
SEK 25.34 bln
Q1 EPS
SEK 1.61
Q1 EBIT
SEK 2.20 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 7 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the iron & steel peer group is "buy"

Wall Street's median 12-month price target for SSAB AB is SEK90.00, about 7.5% above its April 27 closing price of SEK83.70

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)