Q2 revenues reached SEK19,263m (+12.6%), EBITDA SEK2,582m (+19.2%), EBIT SEK1,630m (+35.2%) and net profit SEK1,313m (+48%). Net debt at the end of Q1 was SEK11.9bn (vs SEK11.4bn in Q1 and SEK11.6bn by year-end 2017). The outlook for Q3 calls for an unchanged strong demand for heavy plate in North America, with a seasonal slowdown in Europe. As a result, shipments will be up at SSAB Americas and down in Europe, with prices higher in Americas and Special Steels and unchanged in Europe.
20 Jul 2018
Q2 18: fairly good, but the market had (too?) high expectations
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Q2 18: fairly good, but the market had (too?) high expectations
SSAB AB Class A (SSABAH:HEL) | 0 0 1.3% | Mkt Cap: 42,250m
- Published:
20 Jul 2018 -
Author:
Fabrice Farigoule -
Pages:
2
Q2 revenues reached SEK19,263m (+12.6%), EBITDA SEK2,582m (+19.2%), EBIT SEK1,630m (+35.2%) and net profit SEK1,313m (+48%). Net debt at the end of Q1 was SEK11.9bn (vs SEK11.4bn in Q1 and SEK11.6bn by year-end 2017). The outlook for Q3 calls for an unchanged strong demand for heavy plate in North America, with a seasonal slowdown in Europe. As a result, shipments will be up at SSAB Americas and down in Europe, with prices higher in Americas and Special Steels and unchanged in Europe.