Releases - SSAB

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2005

 

Found press releases

 

Olof Faxander appointed as new President and CEO of SSAB

12/22/2005 5:52 AM EST
SSAB’s President and CEO, Anders Ullberg, will go into retirement as planned in connection with the 2006 General Meeting. SSAB’s Board of Directors has appointed Olof Faxander as his successor. Olof Faxander is currently Vice President of Outokumpu, where he is responsible for the Specialty Stainless division. Olof Faxander will begin work on 1 March and become President and CEO after the General Meeting on 21...

Continued positive trend for SSAB

10/27/2005 5:02 AM EST
SSAB today reported its results for the first three quarters of 2005. Profit after financial items for the third quarter slightly exceeded the record result posted last year and amounted to SEK 933 (923) million. Profit for the first three quarters thereby increased by SEK 1,947 million to SEK 4,473 (2,526) million. Cash flow for the same period amounted to SEK 3,931 (1,594) million.

- During the third quarter we...

SSAB posts further strong quarterly earnings

7/19/2005 4:01 AM EST
SSAB today presented its results for the first half of 2005. Profit after financial items for the second quarter was largely uncharged compared with the record profit posted for the first quarter and amounted to SEK 1,748 (921) million. Half year profit thus increased by SEK 1,937 million till SEK 3,540 (1,603) million.

- A contributory cause to the strong earnings was that sales of the Group’s core niche...

Strong backing for SSAB’s redemption programme

6/3/2005 3:40 AM EST
SSAB’s redemption programme won 98.8 per cent backing, entailing that applications were submitted for the redemption of close to10 million shares in exchange for payment in cash of SEK 210 per share. Through the redemption programme, a total of SEK 2.1 billion will be transferred to the shareholders.

Following redemption, SSAB’s share capital will amount to SEK 2.3 billion divided into 90,929,060 shares, of which...

Resolutions adopted att SSAB's 2005 General Meeting

4/22/2005 9:02 AM EST
Board Members
Re-election of Carl Bennet, Anders G Carlberg, Per-Olof Eriksson, Sverker Martin-Löf, Marianne Nivert, Anders Nyrén, Matti Sundberg and Anders Ullberg. Sverker Martin-Löf was appointed Chairman of the Board.

Dividend
The General Meeting resolved upon payment of a dividend of SEK 7.50 kronor per share. Payment through VPC is expected to take place on 2 May 2005.

Redemption of SSAB shares

The offer...

SSAB reports new record profits

4/22/2005 4:30 AM EST
SSAB today presents its results for the first quarter 2005. Profit after financial items increased by SEK 1,110 million to SEK 1,792 (682) million.

- In terms of earnings, this is our best quarter ever. During the past year, we have been able to take advantage of a strong steel market by gradually increasing prices for both sheet and plate products. During the first quarter of this year, we increased prices by an...

SSAB’s earnings for the first quarter, SEK 1,792 million

4/13/2005 7:57 AM EST
SSAB’s earnings for the first quarter of 2005 are provisionally estimated at SEK 1,792 million, which represents an increase of SEK 1,112 million over last year for comparable units.

- Since the General Meeting is to vote upon the Board of Directors’ proposal regarding redemption of shares, and we have seen that the market’s expectations are significantly lower than what we will be reporting, we believe that it is...

Offer terms regarding redemption of SSAB shares

3/18/2005 2:01 AM EST
The notice to attend the Annual General Meeting of SSAB Svenskt Stål AB to be held in Luleå on Friday, April 22, which is published in today’s Dagens Nyheter, contains the Board of Directors’ proposal regarding redemption of shares.
The notice is attached to this message.

The proposal entails, in brief:

• Redemption of every tenth share at a price of SEK 210 per share;
• Trading in redemption rights will take...

Annual Report 2004

2/28/2005 6:00 AM EST
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SSAB posts record profit

2/14/2005 5:50 AM EST
SSAB today reported its results for 2004. Profit after financial items increased by SEK 3,441 million to SEK 4,784 (1,343) million and cash flow increased to SEK 1,992 (765) million. The profit includes the capital gain from the sale of SSAB HardTech in the amount of SEK 825 million.

- Even excluding the capital gain, the profit for the fourth quarter and for 2004 as a whole represents SSAB’s best performance ever,...

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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