SSAB falls on Q2 miss, 'soft' Q3 forecasts

SSAB AB (publ)

22/07/2026 08:30

** Shares in SSAB SSABa.ST fall 3% after the Swedish steelmaker delivered its Q2 core profit below estimates and issued what analysts called soft guidance for Q3 shipments
** SSAB books operating profit of 2.70 billion Swedish crowns ($278 million) for the quarter, against analysts' consensus estimate of 2.85 billion crowns
** It points to higher logistics and energy costs amid the war in the Persian Gulf
** J.P.Morgan says the Q2 miss and guidance for a softer Q3 would lead to "minimal" changes to consensus expectations
** SSAB keeps its maintenance capex guidance unchanged, which JPM says implies capex will be heavily weighted toward the second half of the year
** SSAB shares among top fallers on STOXX 600 .STOXX
($1 = 9.7127 Swedish crowns)

(Reporting by Boleslaw Lasocki)
((boleslaw.lasocki@thomsonreuters.com))