Latest news for SSAB (OTC:SSAAF) Stock

SSAB AB is a Sweden-based company that operates through five divisions. SSAB special steels sell structural high-strength steel, wear-resistant steel, protection steel, and tool steel. SSAB Europe is a Nordic-based producer of the strip, plate, and tube products. SSAB Americas is a Northern American steel plate and coil maker. Tibnor, SSAB's subsidiary, is a Nordic distributor of steel and nonferrous metals. Ruukki Construction, another subsidiary of SSAB, is a Europe-based provider of energy-efficient building and construction solutions. Steel products represent the majority of the company's sales. SSAB predominantly serves customers from heavy transport, construction, automotive, construction machinery, energy, and other sectors. SSAB generates majority of its revenue from Europe.

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SSAB Posts Decline In Q2 Profit

SSAB SWEDISH STEEL A by SSab Swedish Steel AB

SSAB AB

SSAB AB (OTC: <a class="ticker" href="/stock/ssaaf#OTC">SSAAF</a>) reported a drop in its profit for the second quarter.

SSAB's quarterly net profit fell to 480 million Swedish kronor ($68.81 million), versus SEK859 million, in the year-ago period. However, analysts were expecting a net profit of SEK573.5 million. 

Its sales dropped to SEK10.8 billion, versus SEK11.8 billion, while operating profit fell to SEK755 million, from SEK1.3 billion.

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SSAB's Annual Report 2023 is published

SSAB

SSAB AB (OTC: <a class="ticker" href="/stock/ssaaf#OTC">SSAAF</a>) reported a drop in its profit for the second quarter.

SSAB's quarterly net profit fell to 480 million Swedish kronor ($68.81 million), versus SEK859 million, in the year-ago period. However, analysts were expecting a net profit of SEK573.5 million. 

Its sales dropped to SEK10.8 billion, versus SEK11.8 billion, while operating profit fell to SEK755 million, from SEK1.3 billion.

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Thursday, July 26, 2012

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