Releases - SSAB

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2001

 

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Göran Carlsson new Vice President Technology of SSAB

11/27/2001 8:39 AM EST
Göran Carlsson has been appointed Vice President Technology and member
of the Group Management of the SSAB Group. Göran Carlsson is Executive
Vice President of SSAB Tunnplåt and head of the Luleå operations.

Göran Carlsson will stay in his present position as head of the
metallurgy in Luleå until his successor has been appointed. In his new
work Göran Carlsson will concentrate on...

SSAB's profit at same level as last year

10/25/2001 7:07 AM EST
SSAB today reported its result for the first three quarters of the year.
Excluding non-recurring items, profit after financial items was largely
unchanged at SEK 790 (816) million. Cash flow was positive and amounted
to SEK 237 (-514) million.

- Notwithstanding that prices for sheet have been under pressure and
that raw materials costs have increased substantially, we are able to

Report for the first three quarters 2001

10/25/2001 7:02 AM EST
Report for the first three quarters of 2001

· Profit for the first three quarters, excluding non-recurring
items, was largely unchanged and amounted to SEK 790 (816) million.

· Profit for the third quarter amounted to SEK 82 (-142) million.
Excluding non-recurring items, profit increased by almost SEK 100
million, mainly because metallurgy operations in Luleå...

Third quarter 2001

10/25/2001 6:00 AM EST
Report for the first three quarters of 2001

Profit for the first three quarters, excluding non-recurring items, was largely unchanged and amounted to SEK 790 (816) million.
Profit for the third quarter amounted to SEK 82 (-142) million. Excluding non-recurring items, profit increased by almost SEK 100 million, mainly because metallurgy operations in Luleå continued throughout the summer.
Cash flow for the...

Rolling mill stoppage at SSAB Oxelösund

8/15/2001 11:03 AM EST
On Tuesday, one of the two main motors in the Oxelösund four-high
rolling mill was seriously damaged. Based on a preliminary evaluation of
the breakdown, the stoppage is estimated to last three weeks.

The damage was caused by overheating in the rotor of the motor, the
poles of which now must be repaired. It has not yet been possible to
determine why the overheating occurred. Each of...

Second quarter 2001

7/23/2001 6:00 AM EST
Half Year Report 2001

Profit after financial items fell by SEK 122 million to SEK 786 (908) million. The comparison does not include the effect of SPP's surplus funds which were included in last year's result. Earnings per share excluding the SPP effect amounted to 5.40 (5.70) SEK.
An agreement has been reached with Ahlsell regarding the purchase of Tibnor's industrial supplies group. The transaction is...

SSAB's earnings down just under 15% on last year

7/23/2001 5:51 AM EST
SSAB today presented its accounts for the first half of the year. Profit
after financial items declined by SEK 122 million to SEK 786 (908)
million. The comparison does not include the effect of SSP surplus funds
which were included in last year's results in the amount of SEK 625
million.

-Prices for sheet have continued to be under pressure, says CEO Anders
Ullberg in a comment...

Half Year Report 2001

7/23/2001 5:50 AM EST
· Profit after financial items fell by SEK 122 million to SEK 786
(908) million. The comparison does not include the effect of SPP's
surplus funds which were included in last year's result. Earnings per
share excluding the SPP effect amounted to 5.40 (5.70) SEK.

· An agreement has been reached with Ahlsell regarding the
purchase of Tibnor's industrial supplies group. The...

Tibnor sells its Industrial Supplies Group

6/12/2001 4:26 AM EST
Tibnor, 85 % owned subsidiary of SSAB, has come to an agreement that by
1 June 2001 Tibnor sells its Industrial Supplies Group to the Swedish
company Ahlsell.

Total sales of the Industrial Supplies Group during 2000 amounted to
fully SEK 1,300 million with a profit after financial items of SEK 36
million.

The transaction leads to a capital gain improving the profit after

Industrivärden issues Options to SSAB Group Management

5/28/2001 4:16 AM EST
SSAB's Group management has undertaken to acquire call options in SSAB
during a four-year period. This is the third year that call options are
being purchased under the programme.

Industrivärden, in its capacity as a major shareholder in SSAB, has also
this year offered Group management the opportunity to purchase call
options in SSAB in accordance with market terms and conditions....

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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