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SSAB AB

SSABb.ST

Latest Trade

39.53SEK

Change

-0.89(-2.20%)

Volume

5,199,407

Today's Range

39.50

 - 

40.73

52 Week Range

22.85

 - 

47.98

As of on the Stockholm Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

SSAB To Convene Extraordinary General Meeting Due To Resignation Of Board Chairman

Sept 16 (Reuters) - SSAB AB <SSABa.ST>::SSAB TO CONVENE EXTRAORDINARY GENERAL MEETING DUE TO THE RESIGNATION OF THE BOARD CHAIRMAN.SSAB - BENGT KJELL, CHAIRMAN OF BOARD OF DIRECTORS (BOARD), HAS TODAY INFORMED BOARD THAT HE WISHES TO RESIGN FROM BOARD AT EARLIEST CONVENIENCE.SSAB - NOMINATION COMMITTEE HAS PREPARED MATTER AND DECIDED TO PROPOSE LENNART EVRELL, WHO IS CURRENTLY A BOARD MEMBER, AS NEW CHAIRMAN.NUMBER OF BOARD MEMBERS BE REDUCED TO SEVEN.

Finland Transfers Ownership Of SSAB Stake From Solidium To PM's Office

Sept 14 (Reuters) - Finnish Government::STATE WILL TRANSFER ITS 6.3% SSAB <<<SSABa.ST>>> STAKE (8% OF VOTES) FROM INVESTMENT ARM SOLIDIUM TO DIRECT OWNERSHIP OF PRIME MINISTER'S OFFICE.STRATEGIC INTEREST IS TO INFLUENCE RAPID IMPLEMENTATION OF SSAB'S LOW-CARBON STRATEGY AND DEVELOPMENT OF INDUSTRY'S KNOWLEDGE BASE IN FINLAND.FINNISH STATE WANTS TO ACCELERATE SSAB'S TRANSITION TO FOSSIL-FREE STEELMAKING TOGETHER WITH CO'S SWEDISH OWNERS.Further company coverage: [SSABa.ST]. (Gdansk Newsroom). ((gdansk.newsroom@thomsonreuters.com; +48 58 769 6600;)).

SSAB To Deliver Fossil-Free Steel To Cargotec

Sept 7 (Reuters) - SSAB <SSABa.ST>::TO DELIVER FOSSIL-FREE STEEL TO CARGOTEC.COMPANIES WILL START COORDINATED DEVELOPMENT TOWARD THE USE OF SSAB’S FOSSIL-FREE STEEL IN CARGOTEC’S CARGO HANDLING EQUIPMENT..IT IS STRATEGIC PARTNERSHIP.

SSAB To Collaborate With Faurecia

Sept 2 (Reuters) - SSAB AB <SSABa.ST>::SSAB AND FAURECIA TO COLLABORATE ON FOSSIL-FREE STEEL FOR AUTOMOTIVE SEAT STRUCTURES.IS TEAMING UP WITH FAURECIA <<<EPED.PA>>> TO JOINTLY EXPLORE DEVELOPMENT OF FOSSIL-FREE ADVANCED HIGH-STRENGTH STEEL FOR USE IN AUTOMOTIVE SEATING BUSINESS.

SSAB To Deliver Fossil-Free Steel To Mercedes-Benz

Sept 1 (Reuters) - SSAB AB <SSABa.ST>::SSAB TO DELIVER FOSSIL-FREE STEEL TO MERCEDES-BENZ.SAB AND MERCEDES-BENZ ARE LAUNCHING A PARTNERSHIP TO INTRODUCE FOSSIL-FREE STEEL INTO VEHICLE PRODUCTION.IN 2026, SSAB PLANS TO SUPPLY MARKET WITH FOSSIL-FREE STEEL AT A COMMERCIAL SCALE.

SSAB Q2 EBITDA Rises To SEK 4,899 Million

July 21 (Reuters) - SSAB AB <SSABa.ST>::REPORT FOR THE SECOND QUARTER 2021: HISTORICAL QUARTER - SOLID INTERNAL PERFORMANCE IN A STRONG MARKET.FOR Q2 2021, WE REPORT HIGHEST QUARTERLY OPERATING PROFIT EVER, DRIVEN BY STRONG DEMAND, HIGH STEEL PRICES AND STABLE PRODUCTION.QUARTER SAW US TAKE GROUNDBREAKING STEPS TOWARDS FULL-SCALE FOSSIL-FREE STEELMAKING AND ENTER INTO NEW COLLABORATION AGREEMENTS.WE CONTINUE WITH A NUMBER OF MEASURES TO LIMIT RISKS OF INFECTION AND PRODUCTION HAS RUN WITHOUT IMPACT. LOOKING AHEAD, MARKET OUTLOOK IS POSITIVE.DURING Q3, SSAB SPECIAL STEELS AND SSAB EUROPE WILL COMPLETE PLANNED MAINTENANCE AND WE EXPECT SEASONALLY LOWER ACTIVITY ON EUROPEAN MARKET..Q2 REVENUE WAS SEK 23,673 (15,155) MILLION.Q2 EBITDA WAS SEK 4,899 (705) MILLION.2021 / Q3 OUTLOOK: DEMAND FOR STEEL IS ESTIMATED TO BE STRONG, DRIVEN BOTH BY UNDERLYING DEMAND AND BY CUSTOMER RESTOCKING.Q2 OPERATING PROFIT WAS SEK 4,083 (-251) MILLION.2021 / Q3 OUTLOOK: INCREASE IN REALIZED PRICES WILL BE PARTLY COUNTERACTED BY HIGHER RAW MATERIAL COST.2021 / Q3 OUTLOOK: PLANNED SEASONAL MAINTENANCE IN Q3 WILL IMPACT SHIPMENTS.

SSAB Enters Into Colaboration With Volvo Cars

June 16 (Reuters) - SSAB AB <SSABa.ST>::IS TEAMING UP WITH VOLVO CARS TO JOINTLY EXPLORE DEVELOPMENT OF FOSSIL-FREE, HIGH-QUALITY STEEL FOR USE IN AUTOMOTIVE INDUSTRY.IN 2026, SSAB AIMS TO SUPPLY MARKET WITH FOSSIL-FREE STEEL AT A COMMERCIAL SCALE."WE ARE BUILDING AN ENTIRELY FOSSIL-FREE VALUE CHAIN ALL WAY TO END CUSTOMER," - CEO AT SSAB.COLLABORATION MAKES VOLVO CARS FIRST CARMAKER TO WORK WITH SSAB AND ITS HYBRIT INITIATIVE.THIS STEEL WILL BE USED FOR TESTING PURPOSES AND MAY BE USED IN A CONCEPT CAR.

SSAB Issues SEK 2 Bln Bond

June 9 (Reuters) - SSAB AB <SSABa.ST>::SSAB ISSUES SUSTAINABILITY-LINKED BOND AMOUNTING TO SEK 2,000 MILLION.SSAB ISSUES SUSTAINABILITY-LINKED BOND AMOUNTING TO SEK 2,000 MILLION.SSAB AB HAS SUCCESSFULLY ISSUED A FIVE-YEAR SENIOR UNSECURED SUSTAINABILITY-LINKED BOND IN AMOUNT OF SEK 2,000 MILLION UNDER ITS EUR 2BN EMTN PROGRAMME, DATED 2 JUNE 2021.TRANSACTION GENERATED STRONG INTEREST FROM INVESTORS AND ISSUE WAS OVERSUBSCRIBED.NEW BOND IS DUE IN JUNE 2026 AND CARRIES A COUPON OF 3M STIBOR + 185BPS.PROCEEDS WILL BE USED FOR GENERAL CORPORATE PURPOSES..

SSAB: SEB Decreases Stake In SSAB To 0.2% Of Share Capital

June 8 (Reuters) - FINANSINSPEKTIONEN::FINANSINSPEKTIONEN SAYS SKANDINAVISKA ENSKILDA BANKEN AB (PUBL) DECREASES STAKE IN SSAB TO 2.4 MILLION SHARES.SEB PREVIOUSLY HELD ABOUT 24.1 MILLION SHARES IN SSAB.AFTER TRANSACTION SEB'S HOLDING IN SSAB FALLS TO 0.2% OF SHARES.

LKAB Increases Its Ownership In SSAB To 16.0% Of The Votes

June 7(Reuters) - Luossavaara Kiirunavaara AB::LKAB INCREASES ITS OWNERSHIP IN SSAB TO 16.0 PERCENT OF THE VOTES.AFTER THE INVESTMENT COMPANY INDUSTRIVÄRDEN SOLD ITS HOLDING IN MAY,LKAB HAS BECOME THE LARGEST OWNER.LKAB'S HOLDING IN SSAB AMOUNTS TO 16.0 PERCENT OF THE VOTES AND 10.5% OF THE CAPITAL, WHICH CORRESPONDS TO AN INCREASE OF 5.5% OF THE VOTES AND AN UNCHANGED SHARE OF THE CAPITAL.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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