Last kr68.80 SEK
Change Today -0.35 / -0.51%
Volume 1.4M
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As of 11:30 AM 07/30/14 All times are local (Market data is delayed by at least 15 minutes).

ssab ab-a shares (SSABA) Snapshot

Open
kr69.20
Previous Close
kr69.15
Day High
kr69.35
Day Low
kr68.20
52 Week High
07/24/14 - kr71.80
52 Week Low
09/30/13 - kr41.22
Market Cap
21.7B
Average Volume 10 Days
2.1M
EPS TTM
kr-2.17
Shares Outstanding
240.8M
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.

8,702 Employees
Last Reported Date: 07/23/14
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

SSAB AB Reports Consolidated and Company Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Tax Rate Guidance for the Second Half of Fiscal 2014

SSAB AB reported consolidated and company earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported profit attributable to the parent company shareholders was SEK 133 million or SEK 0.41 per share on sales of SEK 9,323 million compared to loss attributable to the parent company shareholders was SEK 144 million or SEK 0.44 per share on sales of SEK 8,894 million a year ago. Operating profit was SEK 260 million compared to loss of SEK 115 million a year ago. Profit after financial items was SEK 73 million compared to loss of SEK 273 million a year ago. Total comprehensive income for the period attributable to parent company shareholders was SEK 989 million compared to SEK 537 million a year ago. Cash flow from operating activities was SEK 505 million compared to SEK 764 million a year ago. Capital expenditure payments in plants and machinery was SEK 287 million compared to SEK 175 million a year ago. Operating profit before depreciation/amortization was SEK 816 million compared to SEK 542 million a year ago. The operating profit for the second quarter represents an improvement from the first quarter of 2014, driven primarily by higher prices in Americas and lower production costs in EMEA. The operating cash flow for the second quarter was SEK 528 million compared to SEK 796 million a year ago. Cash flow was negatively affected by an increase in working capital, largely due to increased inventories ahead of the summer outage in EMEA. The net debt was basically unchanged between second quarter and first quarter of 2014, it increased with SEK 50 million, and it's now on SEK 15.2 billion. For the six months period, consolidated profit attributable to the parent company shareholders was SEK 83 million or SEK 0.26 per share on sales of SEK 18,492 million compared to loss attributable to the parent company shareholders was SEK 281 million or SEK 0.87 per share on sales of SEK 17,727 million a year ago. Operating profit was SEK 286 million compared to loss of SEK 251 million a year ago. Profit after financial items was SEK 62 million compared to loss of SEK 551 million a year ago. Total comprehensive income for the period attributable to parent company shareholders was SEK 1,023 million compared to SEK 375 million a year ago. Cash flow from operating activities was SEK 390 million compared to SEK 759 million a year ago. Capital expenditure payments in plants and machinery was SEK 491 million compared to SEK 339 million a year ago. Operating profit before depreciation/amortization was SEK 1,398 million compared to SEK 1,050 million a year ago. The operating cash flow for the first half of the year was SEK 253 million compared to SEK 881 million a yea ago. Cash flow was negatively affected by an increase in working capital, primarily due to increased accounts receivable. For the quarter, on company basis profit was SEK 613 million compared to loss of SEK 60 million a year ago. Operating loss was SEK 26 million compared to profit of SEK 19 million a year ago. Profit after financial items was SEK 575 million compared to loss of SEK 78 million a year ago. For the six months, on company basis profit was SEK 501 million compared to loss of SEK 82 million a year ago. Operating loss was SEK 69 million compared to SEK 11 million a year ago. Profit after financial items was SEK 432 million compared to loss of SEK 125 million a year ago. The company also provided tax rate guidance for the second half of fiscal 2014. The company expected normal tax rate at around what the Swedish tax rate is, around 20% and is depends a lot on where it make money and where - and which countries make and which countries it lose money.

SSAB Announces Divisional Structure; Announces Executive Changes

SSAB announced divisional structure to be effective from September 1, 2014. The new SSAB will be organized in a divisional model: SSAB Special Steels - Global steel and service partner in value added products within Advanced High Strength Steels (AHSS) and Quenched & Tempered steels (Q&T). SSAB Europe - Leading Nordic based steel producer of high-quality strip, heavy plate and tubes; SSAB Americas - Leading North American based steel producer of high-quality heavy plate; Tibnor - Leading Nordic full-service steel distribution partner; Ruukki Construction - Leading European provider of energy efficient building and construction solutions. The combined company will be a leading producer on the global market for Advanced High Strengths Steels (AHSS) and Quenched & Tempered steels (Q&T), standard strip, plate and tubular products as well as construction solutions. The combination will enhance the ability to invest in product development, R&D and close collaboration with customers. The combined company will have a global geographic presence and be close to its customers in all regions. The combination is expected to create substantial value for shareholders in both SSAB and Rautaruukki stemming from both improved earnings potential and realization of tangible cost synergies. The cost synergies are expected to be realized through a more flexible and efficient production system, more efficient supply chain, purchasing optimization and streamlined administration. The company also announced the future Group Executive Committee to be effective from September 1, 2014. Olavi Huhtala (1962), EVP & Head of SSAB Europe Employed at Rautaruukki since 1987. Marko Somerma (1966), President Ruukki Construction Employed at Rautaruukki since 2004. Per Olof Stark (1954), EVP & Head of SSAB Special Steels Employed at SSAB since 1983. Previously, Head of the SSAB Wear Services business unit; President of the wholly owned subsidiary Plannja; Jonas Bergstrand (1965), Executive Vice President and Head of Legal & Strategy Employed at SSAB since 2006. Previously, Corporate counsel ABB; OM Gruppen; Ericsson Radio Systems. Master of Laws, Uppsala University. Håkan Folin (1976), Executive Vice President and Chief Financial Officer Employed at SSAB since 2006. Previously, CFO at SSAB APAC; CFO at Tibnor, Head of Business Development, SSAB. M.Sc., The Royal Institute of Technology, Stockholm. Taina Kyllönen (1967), Executive Vice President and Head of Group Communications Employed at Rautaruukki since 2004.

SSAB To Divest Assets

SSAB AB (OM:SSAB A) has received the European Commission's approval for the combination with Rautaruukki Corporation (HLSE:RTRKS) conditional on a commitment by SSAB AB to divest the following assets within its Nordic Steel Distribution system and Finnish construction business: one steel service center in Sweden and one in Finland, Tibnor Oy (a wholly owned subsidiary of Tibnor AB), 50% ownership interest in each of Norsk Stål AS and Norsk Stål Tynnplater AS and Plannja Oy (a wholly owned subsidiary to Plannja AB). SSAB AB will immediately start the divestiture process.

 

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