Q419 came in lower than expectations mainly due to destocking in Europe and maintenance in the US The outlook for Q120 suggests some improvement from this low basis Profitability for FY19 remained decent though, and the balance-sheet clean (gearing below 20%) We will most likely not change our numbers/target price much
28 Jan 2020
FY19: a weak year-end. Q1 20 should show some sequential improvement
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FY19: a weak year-end. Q1 20 should show some sequential improvement
SSAB AB Class A (SSABAH:HEL) | 0 0 1.3% | Mkt Cap: 42,250m
- Published:
28 Jan 2020 -
Author:
Fabrice Farigoule -
Pages:
3
Q419 came in lower than expectations mainly due to destocking in Europe and maintenance in the US The outlook for Q120 suggests some improvement from this low basis Profitability for FY19 remained decent though, and the balance-sheet clean (gearing below 20%) We will most likely not change our numbers/target price much