SSAB AB announced consolidated and parent earnings results for the first quarter ended March 31, 2013. For the quarter, the consolidated company reported sales of SEK 8,833 million compared with SEK 11,023 million for the same period a year ago. Operating loss was SEK 136 million compared with operating profit of SEK 479 million for the same period a year ago. Loss attributable to parent company shareholders was SEK 137 million or SEK 0.42 per share compared with profit attributable to parent company shareholders of SEK 281 million or SEK 0.87 per share for the same period a year ago. Net cash used in operating activities was SEK 5 million compared with net cash provided by operating activities of SEK 1,852 million for the same period a year ago. Capital expenditure payments was SEK 164 million compared with SEK 429 million for the same period a year ago. Net debt at the end of the period was SEK 15,654 million compared with SEK 16,697 million for the same period a year ago. For the quarter, the parent company reported operating loss of SEK 30 million compared with SEK 35 million for the same period a year ago. Loss after tax was SEK 22 million compared with profit after tax of SEK 97 million for the same period a year ago.

SSAB AB provided capex guidance for the year 2013. For the year, the company expects maintenance capex of SEK 1.2 billion.

SSAB AB announced that the AGM held on April 12, 2013 resolved upon a dividend of SEK 1.00 per share, with a record date of April 17, 2013. The dividend is expected to be disbursed by Euroclear Sweden AB on April 22, 2013. It was resolved that in the board of directors, Pär Östberg was elected for the first time.