SSAB AB (publ) (0KII.L)
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- Reuters
Steel maker SSAB profit hits record, but outlook uncertain
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.
- Stockopedia
Two reasons why the market might be missing a trick with SSAB AB
Buying quality merchandise when it's on sale is a stock market strategy used by some of the greatest investors in the world - including Warren Buffett. After t...
