SSAB’s FY16 results. Sales reached SEK55,544m (-2.7%), EBITDA SEK4,951m (+38%), operating profit SEK1,213m (vs SEK-243m) and net income SEK943m (vs SEK-505m). Net debt at the end of FY16 amounted to SEK17,887m (vs SEK23,156m in FY15). No dividend will be proposed. In terms of outlook, the group expects a good level of demand in both North America and Europe for Q1 17, with lower imports into the US. Overall, prices are expected to be on the rise compared to Q4.
15 Feb 2017
FY16 in line; some hope going forward
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FY16 in line; some hope going forward
SSAB AB Class A (SSABAH:HEL) | 0 0 1.3% | Mkt Cap: 42,250m
- Published:
15 Feb 2017 -
Author:
Fabrice Farigoule -
Pages:
2
SSAB’s FY16 results. Sales reached SEK55,544m (-2.7%), EBITDA SEK4,951m (+38%), operating profit SEK1,213m (vs SEK-243m) and net income SEK943m (vs SEK-505m). Net debt at the end of FY16 amounted to SEK17,887m (vs SEK23,156m in FY15). No dividend will be proposed. In terms of outlook, the group expects a good level of demand in both North America and Europe for Q1 17, with lower imports into the US. Overall, prices are expected to be on the rise compared to Q4.