|Bid||67.52 x 0|
|Ask||70.40 x 0|
|Day's range||68.42 - 70.12|
|52-week range||42.46 - 81.90|
|Beta (5Y monthly)||1.34|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||8.70 (12.73%)|
|Ex-dividend date||19 Apr 2023|
|1y target est||N/A|
STOCKHOLM/OSLO (Reuters) -Swedish steelmaker SSAB aims to boost its annual profit by at least 10 billion Swedish crowns ($968 million) from 2030 onwards as it shifts to carbon-free metals production, the company said on Tuesday. SSAB last year said it would accelerate a switch to fossil-free steel production, investing heavily to almost eliminate carbon dioxide emissions, albeit depending on access to large amounts of non-polluting electricity. "Altogether, we can see an annual earnings potential of at least 10 billion crowns once the transformation is completed," SSAB's CEO Martin Lindqvist said in a statement ahead of a strategy update.
STOCKHOLM (Reuters) -Swedish steelmaker SSAB expects to increase shipments in a more stable market in the first quarter, it said on Friday as it reported earnings in line with market expectations. Steelmakers benefited from brisk demand through much of last year but in the second half encountered a significant slowdown in Europe, the region hardest hit by the energy crisis stemming from the war in Ukraine. Fourth-quarter operating profit at SSAB, which operates steel businesses on both sides of the Atlantic, was 3.77 billion crowns ($366 million) down from 6.96 billion crowns a year earlier but only just behind analyst expectations, Refinitiv data shows.
STOCKHOLM (Reuters) -Swedish steel maker SSAB reported a bigger-than-expected jump in quarterly earnings on Friday on strong steel prices, but cautioned that the market outlook was uncertain amid rising inflation and supply chain strains. SSAB said second-quarter operating profit, excluding extraordinary items, rose to a record 10.40 billion crowns ($1.02 billion) from 4.08 billion a year ago to beat a mean forecast of 9.10 billion, according to Refinitiv analysts' estimates. The company is specialised in high-strength steels and has seen profits soar over the past year on the back of surging steel prices and strong output at its production plants in Sweden, Finland and the United States.
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