SSAB release H1 15 results. Sales reached SEK30,771m (+3.2% on a pro-forma basis for FY14, i.e. consolidating Ruukki), EBITDA up +30% to SEK2,747m, EBIT more than doubling to SEK865m (vs SEK423m) and, finally, net reaching SEK491m vs SEK-19m). Note these numbers exclude "items affecting comparability" in both 2015 and 2014, but these items were almost zero in both reporting periods (the bulk of the costs being in H2 14). Net debt reached SEK24,018m at the end of H1 15 (down SEK656m on year-en
22 Jul 2015
H1 15 results: decent but earnings recovery is postponed…
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H1 15 results: decent but earnings recovery is postponed…
SSAB AB Class A (SSABAH:HEL) | 0 0 1.3% | Mkt Cap: 42,250m
- Published:
22 Jul 2015 -
Author:
Fabrice Farigoule -
Pages:
2
SSAB release H1 15 results. Sales reached SEK30,771m (+3.2% on a pro-forma basis for FY14, i.e. consolidating Ruukki), EBITDA up +30% to SEK2,747m, EBIT more than doubling to SEK865m (vs SEK423m) and, finally, net reaching SEK491m vs SEK-19m). Note these numbers exclude "items affecting comparability" in both 2015 and 2014, but these items were almost zero in both reporting periods (the bulk of the costs being in H2 14). Net debt reached SEK24,018m at the end of H1 15 (down SEK656m on year-en