February 8, 2013 / 7:15 AM / 5 years ago

SSAB Q4 well below forecast, Europe, North America weigh

STOCKHOLM, Feb 8 (Reuters) - Swedish specialty steel maker SSAB on Friday posted a much worse than expected operating loss for the fourth quarter and said it had seen weak markets in Europe, North America and Asia.

The company’s loss - the second three-month period in a row in the red - was 665 million Swedish crowns ($103.4 million) compared to a profit of 50 million in the same period a year ago and the average forecast of a loss of 315 million in a Reuters poll.

“The weak trend pertains particularly to the European market, but North American and Asian customers also adopted a wait-and-see approach,” the company said in a statement.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below