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2004

 

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Gestamp acquires SSAB HardTech

11/12/2004 5:20 AM EST
The Spanish company Gestamp Automoción acquires SSAB's subsidiary SSAB HardTech for an enterprise value of SEK 1,425 million.

Gestamp Automoción manufactures and supplies components to the automotive industry, including rear axels, complete door assemblies, switch panels, bumpers, A- and B- pillars and chassis subassemblies. The company has 7,600 employees, and had sales of EUR 1.2 billion in 2003.

SSAB reports record results for the third quarter

10/26/2004 6:32 AM EST
SSAB today presented its results for the first three quarters of 2004.
Profit after financial items increased by SEK 1,765 million to SEK 2,646
(881) million and cash flow increased to SEK 1,594 (226) million.

- Profit for the third quarter increased by SEK 860 million to SEK 961
(101) million. Bearing in mind that the third quarter is seasonally
weaker, this is a strong result and by...

Report for the First Three Quarters of 2004

10/26/2004 6:28 AM EST
·Sales during the first three quarters increased by 21% and amounted
to SEK 17,906 (14,788) million. Higher prices accounted for 11 and
higher volumes for 10 percentage points.

·Profit for the quarter after financial items amounted to SEK 961
(101) million. Profit for the first three quarters thus increased by SEK
1,765 million to SEK 2,646 (881) million. Profit after tax...

Third quarter 2004

10/26/2004 6:00 AM EST
Report for the First Three Quarters of 2004

·Sales during the first three quarters increased by 21% and amounted to SEK 17,906 (14,788) million. Higher prices accounted for 11 and higher volumes for 10 percentage points.

·Profit for the quarter after financial items amounted to SEK 961 (101) million. Profit for the first three quarters thus increased by SEK 1,765 million to SEK 2,646 (881) million. Profit...

Sharp rise in sales of core niche products

7/19/2004 6:52 AM EST
SSAB today presented its results for the first half of 2004. Profit
after financial items increased by SEK 905 million to SEK 1,685 (780)
million.

- The result for the first half of the year is the best since 1995 and
the second best ever. The strong result also entails that cash flow
increased significantly and amounted to SEK 900 (37) million, notes CEO
Anders Ullberg in a...

Half Year Report 2004

7/19/2004 6:51 AM EST
· Sales during the first half of the year increased by 16% and
amounted to SEK 12,053 (10,378) million. Profit after tax increased to
SEK 1,170 (543) million, equal to earnings per share of SEK 11.60
(5.40).

· Profit after financial items for the second quarter increased
by SEK 596 million to SEK 962 (366) million. Thus, during the first half
of the year profit after...

Second quarter 2004

7/19/2004 6:00 AM EST
Half Year Report 2004

Sales during the first half of the year increased by 16% and amounted to SEK 12,053 (10,378) million. Profit after tax increased to SEK 1,170 (543) million, equal to earnings per share of SEK 11.60 (5.40).
Profit after financial items for the second quarter increased by SEK 596 million to SEK 962 (366) million. Thus, during the first half of the year profit after financial items has...

Resolutions Adopted at the SSAB General Meeting

4/21/2004 10:21 AM EST
New Board Members
Carl Bennet and Matti Sundberg were elected as new members of the Board
of Directors. Sverker Martin-Löf, Anders G Carlberg, Per-Olof Eriksson,
Marianne Nivert,
Anders Nyrén and Anders Ullberg were re-elected to serve on the Board of
Directors. Sven-Åke Johansson and Jan Sjöqvist declined re-election.

Dividend
The General Meeting decided upon a dividend of 6...

First quarter 2004

4/21/2004 6:00 AM EST
Report for the First Quarter of 2004

Sales increased by 9% and amounted to SEK 5,671 (5,206) million. Profit after tax improved to SEK 504 (287) million, equal to earnings per share of SEK 5.00 (2.85).
Profit after financial items improved by just over SEK 300 million to SEK 723 (414) million.
Deliveries of extra and ultra high-strength sheet and quenched steels increased by 29% compared with last year....

Strong increase in profit

4/21/2004 5:50 AM EST
SSAB today presented its accounts for the first quarter of 2004. Profit
after financial items amounted to SEK 723 (414) million.

- These are the best first quarter results we have posted since 1996.
The improvement over the preceding year is due to an increased portion
of core niche products and lower processing costs, states CEO Anders
Ullberg.

- Deliveries of our core...

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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