Last kr43.28 SEK
Change Today -0.01 / -0.02%
Volume 10.0M
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As of 11:30 AM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

ssab ab-a shares (SSABA) Snapshot

Open
kr43.85
Previous Close
kr43.29
Day High
kr43.85
Day Low
kr42.38
52 Week High
07/24/14 - kr71.80
52 Week Low
12/16/14 - kr41.56
Market Cap
22.5B
Average Volume 10 Days
5.3M
EPS TTM
kr-0.82
Shares Outstanding
304.2M
EX-Date
04/10/14
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SSAB AB-A SHARES (SSABA)

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ssab ab-a shares (SSABA) Details

SSAB AB produces, sells, and exports steel products. It operates in four segments: SSAB EMEA, SSAB Americas, SSAB APAC, and Tibnor. The company offers structural steel for sustainable and lightweight solutions; wear plate for maximum payload and service life; cold rolled steel for lightweight and safe components; structural steel for heavy and demanding applications; pre-painted steel for buildings; protection plate for the safety of life and property; and engineering and tool steel. Its principal products include quenched steel, heavy plates, and strip products. SSAB AB markets its steel products under the Domex, Docol, Prelaq, Hardox, Weldox, Armox, and Toolox brands. It is also involved in the distribution of steel and metal products in northern Europe; and the provision of value added services, such as product development, processing, logistics, and aftermarket services. The company offers its products to heavy transport, engineering and mechanical engineering, mining and mining equipment, automotive, energy, heavy machinery, and construction equipment industries. It operates in the Middle East, Africa, North America, Latin America, Australia, New Zealand, Asia, and Europe. SSAB AB was founded in 1978 and is headquartered in Stockholm, Sweden.

17,123 Employees
Last Reported Date: 10/27/14
Founded in 1978

ssab ab-a shares (SSABA) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

ssab ab-a shares (SSABA) Key Developments

Svenskt Stal Introduces Laser Plus

Svenskt Stal AB has introduced Laser Plus, a new steel product used for laser cutting. Laser Plus is a totally new generation of steels for laser cutting that comes with unique guarantees: maximum flatness deviation of 3 mm/m after laser cutting and bending radius of 0 -1.5 x the material thickness. The dead flat process gives optimum flatness and minimum internal stress, which allows to guarantee a maximum deviation of 3 mm/m after laser cutting Laser Plus. The flatness tests on Laser Plus show unique results. Strict thickness tolerances and constant mechanical properties for each and every delivery result in trouble-free production. In addition, the smooth surface quality of Laser Plus steel guarantees a higher cutting speed and first-class surface quality of the cut edge. Cutting complex and high precision components and narrow contours can be done without rework. This actually takes steels intended for laser cutting to a new dimension. The production process of Laser Plus steels results in a surface that is covered with a thin micro scale. This enables extremely efficient laser- water- and plasma cutting. The quality of the cut edge remains excellent, even up to a thickness of 30 mm. The cold forming properties of Laser Plus steels are excellent and SSAB guarantees inner bending radius of 0-1.5 x the material thickness, depending on strength level in combination with thickness. Laser Plus steels are now available both as heavy plates and hot-rolled strip products. It is the new standard for demanding applications in e.g. mechanical engineering and construction, as well as in the automotive and electronics industries. The product has been developed in close cooperation with laser cutting system manufacturers, end users, distribution partners and Ruukki, who merged with SSAB in July 2014.

SSAB Reports Earnings Results for the Third Quarter of 2014

SSAB reported earnings results for the third quarter of 2014. For the quarter, the company reported sales of SEK 13,314 million against SEK 8,695 million a year ago, of which SEK 3,534 million come from Rautaruukki. Excluding items affecting comparability, operating profit was SEK 510 million against operating loss of SEK 602 million a year ago. Loss per share was SEK 0.26 against SEK 1.61 a year ago. Operating cash flow was SEK 77 million against SEK 500 million a year ago. The pro forma underlying operating profit for the third quarter was SEK 409 million, an improvement of almost SEK 1 billion compared with the third quarter of 2013, driven primarily by significantly higher earnings in the North American operations, due primarily to higher prices and improved productivity. The improvement in earnings in the European operations is due primarily to higher volumes and lower raw materials costs. EBITDA was SEK 1.25 billion. Positive operating cash flow was SEK 77 million. It was positive, but it was still rather much weaker than what they saw in third quarter of last year. The main reason for this is the increase in working capital, where they have a negative impact on capital of SEK 585 million. This is, to a large extent, due to lower accounts payable, which they see as a temporary effect and they expect to reverse during fourth quarter, but also because they have higher sales in North America with higher accounts receivable, and also they have increased inventory in Montpelier ahead of the fourth quarter outage.

SSAB AB, Q3 2014 Earnings Call, Oct 27, 2014

SSAB AB, Q3 2014 Earnings Call, Oct 27, 2014

 

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