SSAB released FY15 results. Sales reached SEK56,864m (-5.4% pro forma), EBITDA SEK3,655m (-13.3%), operating income SEK-128m (vs SEK1,005m), and a net result of SEK-400m (vs SEK112m). On a clean basis, adding back items affecting comparability, EBITDA would be SEK3,541m and operating profit SEK-242m. Net debt at year-end 2015 reached SEK23,156m (vs SEK24,674m in FY14). No dividend will be proposed. The group also annnounced a workforce reduction (465 or c.3%) to be negotiated before April.
....12 Feb 2016
FY15: nothing to dream about; decent cash flow though
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FY15: nothing to dream about; decent cash flow though
SSAB AB Class A (SSABAH:HEL) | 0 0 1.3% | Mkt Cap: 42,250m
- Published:
12 Feb 2016 -
Author:
Fabrice Farigoule -
Pages:
2
SSAB released FY15 results. Sales reached SEK56,864m (-5.4% pro forma), EBITDA SEK3,655m (-13.3%), operating income SEK-128m (vs SEK1,005m), and a net result of SEK-400m (vs SEK112m). On a clean basis, adding back items affecting comparability, EBITDA would be SEK3,541m and operating profit SEK-242m. Net debt at year-end 2015 reached SEK23,156m (vs SEK24,674m in FY14). No dividend will be proposed. The group also annnounced a workforce reduction (465 or c.3%) to be negotiated before April.
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