Releases - SSAB

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2006

 

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Management change within the Plate Division/SSAB Oxelösund

11/14/2006 8:15 AM EST
Bengt Nilsson is to leave his position as head of the plate division in order to work instead on overall group technical and strategic issues. The work of recruiting a successor is underway.

During the transitional period that has now commenced, President and CEO Olof Faxander will be the acting head of the plate division, while Ola Hägglund, a unit manager within the plate division, will act as site manager and...
GoranCarlsson
 

Strong entries for the Swedish Steel Prize finals

10/27/2006 7:50 AM EST
– the prestigious prize will be handed over by Europe’s speediest woman Italy, Canada and Spain – two continents and three countries are represented by the finalists who have been nominated for the Swedish Steel Prize 2006. The prize is awarded to the company that puts high strength steel to best use in the design of its product. The winner will be declared on 29 November in ceremonial form at the Berns Salonger...

SSAB reports strong third quarter

10/27/2006 5:41 AM EST
SSAB today presented its results for the third quarter of 2006. Profit after financial items amounted to SEK 1,119 (933) million, an increase of SEK 186 million and the Group's best third quarter ever. During the first three quarters, profit thus amounted to SEK 4,453 (4,473) million. Cash flow for the first three quarters improved to SEK 2,843 (2,506) million.

- Sales increased by 9% to SEK 22,738 (20,798)...

Third quarter 2006

10/27/2006 5:41 AM EST
• Sales during the first three quarters increased by 9% to SEK 22,738 (20,798) million. Profit after tax amounted to SEK 3,169 (3,202) million, entailing an increase in earnings per share to SEK 11.62 (10.90).

• Profit after financial items for the third quarter amounted to SEK 1,119 (933) million and, during the first three quarters, thus amounted to SEK 4,453 (4,473) million.

• Return on capital employed...

Nomination committee

9/29/2006 7:00 AM EST
Pursuant to a resolution of SSAB’s Annual General Meeting (AGM) 2006, the Chairman of the Board of Directors has invited four of the larger shareholders to each nominate a member to constitute the nomination committee together with the Chairman of the Board of Directors. The nomination committee’s tasks include, among other things, to propose the composition of the Board of Directors as well as the remuneration for...

SSAB sells 25 per cent holding in Cogent Power Limited to Corus

9/4/2006 5:18 AM EST
SSAB has sold its minority holding in the UK electrical steels company Cogent Power Limited to Corus, its majority owner. The purchase price amounts to GBP 18 million.
"Following exercise of a put option we have sold our 25 per cent holding in Cogent Power to Corus. Since the synergies with other operations within the Group are marginal, the sale is a natural step towards concentrating upon our niche strategy...

New appointments to the SSAB Management Group

8/23/2006 3:35 AM EST
At yesterday’s Board meeting, the Board of Directors made new appointments to SSAB Management Group.
Anna Vikström Persson becomes HR Director
Anna takes on a new position as Human Resources Director at SSAB commencing mid November 2006. She comes from Ericsson, where she is Head of Personnel for Ericsson in Sweden.
- Anna Vikström Persson has long experience from different HR positions within Ericsson. I have...

SSAB continues to generate strong results

7/18/2006 3:31 AM EST
SSAB today presented its results for the first half of 2006. Profit after financial items amounted to SEK 3,334 (3,540) million – the second highest half-year profit ever. During the second quarter, profit after financial items amounted to SEK 1,776 (1,748) million.

- It is a strong result, with a higher inflow of orders and more sales than last year. This combined with sound control over working capital have...

Redemption implemented and date set for SSAB’s 3:1 share split

6/15/2006 2:01 AM EST
SSAB’s redemption programme has now been registered by the Swedish Companies Registration Office and just over 4.5 million shares will be redeemed for SEK 485 per share. Through the redemption procedure, in total SEK 2,205 million will be transferred to the shareholders. Payment for the redeemed shares will be distributed on 19 June.
The average price for the redemption rights that were sold free of commission...

Anders Werme on temporary sick leave

4/24/2006 8:35 AM EST
As a consequence of an excessive work load, SSAB Tunnplåt’s President, Anders Werme, will be working a reduced schedule for a period of time. Thus, until further notice he is vacating his position as President of SSAB Tunnplåt. For such time as this change is in force Anders Werme will, instead, assist SSAB’s CEO, Olof Faxander, in strategic and development work at Group level. Göran Carlsson, SSAB’s technical...

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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