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SSAB Results for 2011

2/10/2012 2:00 AM EST  -   SSAB
The quarter · Sales were up 7%, to SEK 10,898 (10,205) million                                              · Operating profit improved to SEK 50 (-55) million  · Profit after financial items improved to SEK -98 (-150) million         · Earnings per share of SEK -0.23 (-0,37)   · Operating cash flow improved to SEK 1,671 (-105) million and cash flow from current operations amounted to SEK 1,828 (-376)...
Gregoire Parenty
 

Changes in SSAB Group Executive Committee

2/10/2012 1:30 AM EST  -   SSAB
SSAB is developing and strengthening the Group Executive Committee. Karl-Gustav Ramström, previously Head of Marketing, obtains a new role in the Group Executive Committee as EVP, Chief Technical Officer (CTO). Gregoire Parenty, currently Head of Market in the SSAB EMEA business area, becomes the new EVP, Head of Market in the Group Executive Committee.
“We are strengthening the Group Executive Committee in...

Höganäs Year-End Report 2011

2/9/2012 3:00 AM EST  -   Höganäs
Focus on cash flow and continued initiatives in the value chain through the launch of inductors
CEO Alrik Danielsson comments on fourth quarter earnings:

“Just as in 2010, in 2011 we achieved our long-term objectives for growth, operating margin and returns. During the autumn we were negatively affected by inventory adjustments made by our customers, which also caused us to reduce our inventories and cut our...

FinnvedenBulten Full Year Report for the period January – December, 2011

2/7/2012 7:00 AM EST  -   FinnvedenBulten AB
PRESS RELEASE |GOTHENBURG, 7 FEBRUARY 2012

Strong growth and the financial targets achieved
FOURTH QUARTER

· Net sales reached SEK 803 million (730), up 9.9% on the same period last year.
· Earnings (EBIT) were SEK 43 million (42), which gave an operating margin of 5.4% (5.7).
· The operating margin adjusted for non-recurring items was 5.4% (5.8).
· Profit after tax for the quarter was SEK 30 million...

BE Group year-end report 2011 – strong cash flow in Q4

2/7/2012 1:45 AM EST  -   BE Group AB
• Net sales rose by 2 percent in the fourth quarter compared with the year-earlier period, amounting to SEK 1,405 M (1,383). Shipped tonnage rose by 5 percent.

• The operating result weakened to a loss of SEK 19 M (8) as a consequence of inventory losses of SEK 26 M (15) and non-recurring items amounting to a net negative SEK 11 M.

• The underlying operating result improved to SEK 18 M (7) and cash flow from...

Sandvik renews credit facility

2/3/2012 3:01 AM EST  -   Sandvik
Sandvik has concluded an agreement for a guaranteed credit facility with a five-year term, with the option to extend it up to seven years. The facility, which is divided into two currencies comprising 650 MEUR and 5 billion SEK, has been placed at the disposal of the company by the following banks: Handelsbanken, Nordea and SEB acting as coordinators, in addition to Bank of Tokyo-Mitsubishi, Barclays, Citi, Danske...

Invitation to SSAB’s fourth quarter 2011 results briefing

2/3/2012 2:00 AM EST  -   SSAB
SSAB invites you to a presentation of the quarterly report at 09.30 a.m. CET on Friday, February 10, 2012. The report is scheduled for publication at 08:00 a.m. CET the same date.
The fourth quarter report 2011 will be presented by SSAB’s President and CEO Martin Lindqvist and CFO Marco Wirén.

The press conference will be held in English and live webcasted on SSAB’s website www.ssab.com. It is also possible to...

Arctic Gold AB (ARCT): Mineral resource in Bidjovagge increased

2/1/2012 7:35 AM EST  -   Arctic Gold AB
The mineral resource in Bidjovagge has been increased by 35% through a recent study by Outotec (Finland) Oy after the drilling in 2011.  The results show a 2.06 million ton indicated mineral resource with 1.60 g/t gold (2.23 g/t “uncut”) and 1.15% copper as well as 240,000 ton inferred mineral resource with 2.6 g/t gold (2.6 g/t “uncut”) and 0.9% copper.  This mineral resource refers to in situ resources in the...

The Board of Directors of Sandvik AB proposes a long-term incentive program 2012

2/1/2012 2:31 AM EST  -   Sandvik
The Board of Directors of Sandvik AB proposes that the Annual General Meeting resolve on a long-term incentive program for 2012 (LTI 2012) encompassing approximately 350 senior executives and key individuals within the Group, on substantially the same terms and conditions as the 2011 long-term incentive program.

Participants are offered allotment of employee stock options that entitle the holder to acquire Sandvik...

Interim report fourth quarter and full-year 2011

2/1/2012 2:01 AM EST  -   Sandvik
STABLE DEMAND DURING THE QUARTER

· Fourth quarter
· Order intake 23,990 MSEK
· Invoiced sales 25,104 MSEK
· Operating profit 1,649 MSEK
· Operating margin 6.6%
· Adjusted operating profit* 3,240 MSEK
· Adjusted operating margin* 12.9%
· Cash flow from operations +3,312 MSEK

· Full-year 2011
· Order intake 99,078 MSEK
· Invoiced sales 94,084 MSEK
· Operating profit 10,148 MSEK
· Adjusted operating...