Releases - SSAB

Increased supply of steels in Western Europe, puts pressure on steel prices.
During the first three quarters, profit after financial items declined by SEK
53 million to SEK 1,199 (1,252) million.
For the entire year, it is anticipated that, the profit after financial items
declines by just over 20% compared with 1997.
The redemption programme, that in June led to redemption of 15.9...

Report for the first three quarters of 1998

Increased supply of steels in Western Europe, puts pressure on steel prices.
During the first three quarters, profit after financial items declined by SEK 53 million to SEK 1,199 (1,252) million.
For the entire year, it is anticipated that, the profit after financial items declines by just over 20% compared with 1997.
The redemption programme, that in June led to...

Sales increased by 9%, primarily as a result of increased prices.
Profit after financial items increased by SEK 188 million to SEK 1,266 (1,078)
million.
15.9 million shares were redeemed, for a total of SEK 3,305 million, during
the second quarter.

Consolidated profit and loss account (unaudited)

1997 1998 1997 July 97-
SEK...

Today, SSAB presented its half year report. The profit after financial items
improved by 17% to SEK 1,266 (1,078) million.

-Steel consumption in both Western Europe and in the United States appears to
have now levelled out at a high level, says President Torsten Sandin in a
comment on the half year report. This is the same tendency as we see in Sweden
where demand remains at the level...

Half Year Report 1998 Sales increased by 9%, primarily as a result of increased prices. Profit after financial items increased by SEK 188 million to SEK 1,266 (1,078) million. 15.9 million shares were redeemed, for a total of SEK 3,305 million, during the second quarter.

* Sales increased by 14%, primarily as a result of increased prices * Profit after financial items improved by SEK 207 million to SEK 677 (470) million. * Improved profit and a smaller increase in working capital resulted in a positive cash flow, SEK 244 (–195) million.