Releases - Höganäs

CEO Alrik Danielsson comments on third quarter earnings: - The market continued to improve in the third quarter, with September proving somewhat stronger than expected. However, the underlying demand situation remains uncertain. Accordingly, the group has maintained a sharp focus on costs and cash flow. Meanwhile, we are making major initiatives in research and development, and are pleased by the growing customer...

Continued very satisfactory cash flow and recovery on a weak market CEO Alrik Danielsson comments on second quarter: - After a very weak period around year-end, the market has gradually improved through the first half-year, although demand remains unstable and progress is uncertain. We are pleased to have been able to generate positive income in the second quarter despite sales volumes being 34% lower than in the...

At today’s Annual General Meeting of Höganäs AB a dividend of SEK 3.00 per share with 30 April 2009 as record date was resolved in accordance with the proposal of the Board of Directors. The present Directors Alrik Danielson, Peter Gossas, Urban Jansson, Bengt Kjell, Jenny Lindén Urnes and Bernt Magnusson were re-elected and Anders G Carlberg and Erik Urnes were elected as new Directors of the Board. Anders G...

First quarter 2009 (compared to corresponding period of previous year) • Net sales reduced by 42% to MSEK 916 (1,583) in the quarter. The volume contraction was 50%. Demand was very weak on all markets, and Höganäs assesses that significant inventory changes were made right through the value chain. • Operating income was a deficit of MSEK -111 (196) and income after tax was a deficit of MSEK -90 (145). The income...

Höganäs AB has launched a new brazing filler metal, BrazeLet™ F300, for high-temperature brazing of stainless steel applications used in extreme environments. The iron-chromium-based product is the first in a new generation of brazing filler metals. BrazeLet™ F300 is a more cost-efficient brazing filler metal than the nickel-based brazing alloys that are commonly used today.

Höganäs AB has launched a new metal powder, OB1, which is specially designed to withstand the extreme loads and temperatures that arise in engine cylinders. Utilising the metallurgical expertise within the company, Höganäs has succeeded in creating the first iron-chromium-based powder for this application. This means the powder is 20 per cent less expensive than corresponding alternatives on the market.

Today, 9 March, LKAB, Höganäs AB and StatoilHydro have reached an agreement to conduct a feasibility study for a new ironworks outside Trondheim, Norway.
The project will investigate the possibility of future DRI iron production in Norway. This collaboration brings together the partners’ technological know-how — the benefits of LKAB’s iron ore pellets, Höganäs’ usage and sale of metal products and...

Highlights (For table, see attached file) • Volume decrease of -28% in the fourth quarter due to sharply reduced demand in all geographical regions. • Operating income for the fourth quarter was MSEK -32 (132), negatively affected mainly by sales volumes, costs for redundancies and contracted pensions related to personnel reduction. Positive effect of lower cost of steel scrap. • Volume decrease of -3%...

Höganäs’ sales volumes were down 28% in the fourth quarter due to a very weak market. Combined with reported costs for redundancies and contracted pensions related to personnel reduction, this resulted in an operating loss for the fourth quarter. The market is expected to remain weak for the short term. However, in the longer term, the outlook is positive. Current low production rates through the component industry...