Releases - SSAB

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1999

 

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Weakened margins affect profit

10/27/1999 7:57 AM EST
SSAB today presented its report for the first three quarters of the year.
Profit after financial items declined by SEK 1,053 million to SEK 146 (1,199)
million.

- SEK 850 million of the drop in profit is due to weakened margins in the
steel operations as a result of the steep drops in prices during the second
half of last year and the first quarter of this year, says CEO Torsten...

Report for the first three quarters of 1999

10/27/1999 7:50 AM EST
*As last year, for the seasonally weak third quarter a loss was reported
after financial items of SEK 201 (67) million
*Profit after financial items for the first three quarters declined by SEK
1,053 million to SEK 146 (1,199) million
*Cash flow during the third quarter continued to be positive and thus far
this year has amounted to SEK 532 (-210) million
*Consolidated Profit and Loss...

Third quarter 1999

10/27/1999 6:00 AM EST
Report for the first three quarters of 1999 As last year, for the seasonally weak third quarter a loss was reported after financial items of SEK 201 (67) million Profit after financial items for the first three quarters declined by SEK 1,053 million to SEK 146 (1,199) million Cash flow during the third quarter continued to be positive and thus far this year has amounted to SEK 532 (-210) million

New quenching line in Oxelösund

8/17/1999 7:53 AM EST
SSAB's investments in quenched steels continue. Today, SSAB's Board of
Directors approved an investment of SEK 550 million in another quenching line
in Oxelösund. The new line is expected to be brought into operation at the end
of 2001.

- SSAB's future lies in developing into a specialty steels company within the
commercial steel sector, says SSAB's CEO Torsten Sandin. During the past...

Half Year Report 1999

8/17/1999 7:05 AM EST
*Prices stabilised during the second quarter.
*Sharp drop in prices towards the end of last year and at the beginning of
this year resulted, however, in profit after financial items during the first
half of the year declining by SEK 919 million to SEK 347 (1,266) million.
*Operating profit during the second quarter improved by SEK 140 million
compared with the first quarter as a result of...

Profit for the first half of the year of SEK 347 million

8/17/1999 7:05 AM EST
SSAB today reported its half-yearly profit for 1999. The profit after
financial items declined by SEK 919 million to SEK 347 (1,266) million.

- The decline in profit is due to the fact that steel prices declined sharply
at the end of last year and the beginning of this year, says CEO Torsten
Sandin in a comment to the Half Year Report. It is now pleasing to note that
steel prices have...

Second quarter 1999

8/17/1999 6:00 AM EST
Half Year Report 1999

Prices stabilised during the second quarter.
Sharp drop in prices towards the end of last year and at the beginning of this year resulted, however, in profit after financial items during the first half of the year declining by SEK 919 million to SEK 347 (1,266) million.
Operating profit during the second quarter improved by SEK 140 million compared with the first quarter as a result of...

Torsten Sandin at SSAB's shareholders' meeting

4/23/1999 9:27 AM EST
In his address to the shareholders meeting in Luleå, SSAB's CEO, Torsten
Sandin, described, in musical terms, the 1998 steel year as a year which began
in a major key but ended in a minor key.

Changed flow of trade resulted in pressure on prices

- During the first half of the year, we experienced healthy demand for our
products but consumption reached a peak near the end of the...

Report for the first quarter of 1999

4/23/1999 7:43 AM EST
Falling steel prices result in weakened profit
Today, SSAB presented its report for the first quarter. Profit fell by SEK 569
million to SEK 108 (677) million.

- Steel prices have continued to fall during the first quarter, says CEO,
Torsten Sandin, in a comment to the results. Prices have now been under
pressure during three quarters. Following a fall in prices of 12% during the

First quarter 1999

4/23/1999 6:00 AM EST
Report for the first quarter of 1999 Falling prices resulted in a decline in profit after financial items of SEK 569 million to SEK 108 (677) million. Processing costs were 7% lower than during the preceding quarter. Reduced working capital and lower capital expenditures resulted in the cash flow improving somewhat to SEK 253 (244) million.

SSAB

SSAB is a global leader in value added, high strength steel. SSAB offers products developed in close cooperation with its customers to reach a stronger, lighter and more sustainable world. SSAB employs 9 200 people in ov...

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