Cash flow SSAB AB

Equities

SSAB A

SE0000171100

Iron & Steel

Market Closed - Nasdaq Stockholm Other stock markets 12:00:00 2025-01-17 pm EST			5-day change	1st Jan Change
45.12 ^SEK	+0.76%		+3.75%	+0.33%

Jan. 17	OP Corporate Bank lowers SSAB to increase (buy), target price SEK 59 - BN	FW
Jan. 15	SSAB, Kuljettava Kick Off Deliveries Under Heavy-Duty Transport Electrification Project	MT

3d.AVMVeyWZzjKkCYNxM6zJdZJ2v5Z7LEkpg3spMfIUtM8.SwAnHmmthVfNW9sjAJqrM_4A6aIaYS5d0SpMBYVW96M5a3wsZ62rRu9Q0g

Published financial data: SSAB AB

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	76.48B	65.4B	95.89B	129B	119B
Total Revenues	76.48B	65.4B	95.89B	129B	119B
Cost of Goods Sold, Total	70.19B	61.62B	72.42B	127B	96.94B
Gross Profit	6.29B	3.78B	23.47B	1.65B	22.55B
Selling General & Admin Expenses, Total	4.96B	4.07B	4.62B	5.56B	6.05B
Other Operating Expenses	96M	454M	578M	447M	2M
Other Operating Expenses, Total	5.05B	4.53B	5.2B	6.01B	6.05B
Operating Income	1.24B	-749M	18.27B	-4.36B	16.5B
Interest Expense, Total	-613M	-519M	-464M	-530M	-790M
Interest And Investment Income	264M	130M	104M	386M	1.19B
Net Interest Expenses	-349M	-389M	-360M	-144M	404M
Income (Loss) On Equity Invest.	64M	-1M	-22M	26M	-29M
Currency Exchange Gains (Loss)	345M	453M	499M	29M	-445M
Other Non Operating Income (Expenses)	-44M	-97M	-48M	-334M	-38M
EBT, Excl. Unusual Items	1.26B	-783M	18.34B	-4.78B	16.4B
Gain (Loss) On Sale Of Investments	-	-	-	-	39M
Gain (Loss) On Sale Of Assets	27M	-27M	28M	43M	-9M
Insurance Settlements	287M	4M	22M	101M	290M
Other Unusual Items	-	4M	28M	-	-
EBT, Incl. Unusual Items	1.57B	-802M	18.42B	-4.64B	16.72B
Income Tax Expense	479M	-312M	3.74B	6.24B	3.68B
Earnings From Continuing Operations	1.09B	-490M	14.67B	-10.88B	13.04B
Net Income to Company	1.09B	-490M	14.67B	-10.88B	13.04B
Minority Interest	-18M	-20M	-11M	-10M	-9M
Net Income - (IS)	1.08B	-510M	14.66B	-10.89B	13.03B
Net Income to Common Incl Extra Items	1.08B	-510M	14.66B	-10.89B	13.03B
Net Income to Common Excl. Extra Items	1.08B	-510M	14.66B	-10.89B	13.03B
Per Share Items
Net EPS - Basic	1.04	-0.5	14.24	-10.57	12.67
Basic EPS - Continuing Operations	1.04	-0.5	14.24	-10.57	12.67
Basic Weighted Average Shares Outstanding	1.03B	1.03B	1.03B	1.03B	1.03B
Net EPS - Diluted	1.04	-0.5	14.24	-10.57	12.67
Diluted EPS - Continuing Operations	1.04	-0.5	14.24	-10.57	12.67
Diluted Weighted Average Shares Outstanding	1.03B	1.03B	1.03B	1.03B	1.03B
Normalized Basic EPS	0.75	-0.49	11.12	-2.91	9.96
Normalized Diluted EPS	0.75	-0.49	11.12	-2.91	9.96
Dividend Per Share	-	-	5.25	8.7	5
Payout Ratio	143.72	-	-	-49.66	68.77
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
EBITDA	4.72B	2.29B	20.87B	-1.68B	19.45B
EBITA	1.79B	-631M	18.38B	-4.23B	16.64B
EBIT	1.24B	-749M	18.27B	-4.36B	16.5B
EBITDAR	4.9B	2.47B	21.06B	-1.56B	19.48B
Effective Tax Rate - (Ratio)	30.47	38.9	20.32	-134.35	22
Current Domestic Taxes	59M	31M	191M	1.23B	382M
Current Foreign Taxes	756M	95M	2.57B	4.07B	3.27B
Total Current Taxes	815M	126M	2.76B	5.3B	3.65B
Total Deferred Taxes	-336M	-438M	980M	937M	29M
Normalized Net Income	768M	-509M	11.45B	-3B	10.24B
Interest Capitalized	-	-	-	-	-
Interest on Long-Term Debt	128M	130M	127M	127M	204M
Non-Cash Pension Expense	18M	20M	16M	-3M	21M
Supplemental Operating Expense Items
Selling and Marketing Expenses	2.36B	1.98B	2.12B	2.65B	2.95B
General and Administrative Expenses	2.59B	2.1B	2.49B	2.91B	3.1B
Research And Development Expense From Footnotes	336M	312M	352M	360M	387M
Net Rental Expense, Total	180M	182M	181M	119M	32M
Imputed Operating Lease Interest Expense	58.08M	46.24M	44.86M	43.52M	18.99M
Imputed Operating Lease Depreciation	122M	136M	136M	75.48M	13.01M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	3.59B	7.05B	13.8B	24.9B	28.92B
Total Cash And Short Term Investments	3.59B	7.05B	13.8B	24.9B	28.92B
Accounts Receivable, Total	7.03B	6.94B	10.94B	12.1B	10.74B
Other Receivables	992M	877M	855M	1.02B	1.43B
Notes Receivable	206M	77M	23M	40M	41M
Total Receivables	8.23B	7.9B	11.82B	13.16B	12.21B
Inventory	20.39B	17.44B	25.6B	37.91B	32.48B
Prepaid Expenses	255M	265M	292M	465M	446M
Restricted Cash	-	819M	964M	-	-
Other Current Assets, Total	960M	283M	727M	840M	231M
Total Current Assets	33.42B	33.76B	53.2B	77.28B	74.29B
Gross Property Plant And Equipment	64.38B	63.42B	67.8B	74.6B	78.13B
Accumulated Depreciation	-37.85B	-39.06B	-42.3B	-46.18B	-48.09B
Net Property Plant And Equipment	26.53B	24.37B	25.5B	28.41B	30.04B
Long-term Investments	1.02B	1.2B	1.3B	1.1B	1.05B
Goodwill	31.28B	27.87B	30.38B	350M	348M
Other Intangibles, Total	1.23B	1.02B	1.08B	1.07B	1.15B
Deferred Tax Assets Long-Term	254M	233M	309M	621M	548M
Other Long-Term Assets, Total	240M	147M	254M	890M	411M
Total Assets	93.98B	88.6B	112B	110B	108B
Liabilities
Accounts Payable, Total	12.07B	11.07B	16.22B	20.19B	17.73B
Accrued Expenses, Total	2.59B	2.31B	3.26B	4.08B	4.55B
Short-term Borrowings	1.15B	5.33B	286M	137M	305M
Current Portion of Long-Term Debt	1.6B	632M	1.14B	1.74B	1.12B
Current Portion of Leases	604M	652M	670M	691M	764M
Current Income Taxes Payable	114M	233M	1.66B	805M	1.14B
Unearned Revenue Current, Total	-	-	733M	1.46B	881M
Other Current Liabilities	1.99B	2.1B	1.8B	1.44B	1.28B
Total Current Liabilities	20.12B	22.32B	25.77B	30.55B	27.77B
Long-Term Debt	9.85B	9.03B	8.49B	6.29B	6.28B
Long-Term Leases	2.02B	1.8B	1.92B	1.81B	2.15B
Unearned Revenue Non Current	118M	42M	29M	11M	20M
Pension & Other Post Retirement Benefits	700M	682M	632M	502M	509M
Deferred Tax Liability Non Current	581M	376M	1.48B	3.12B	2.89B
Other Non Current Liabilities	167M	249M	188M	242M	272M
Total Liabilities	33.56B	34.5B	38.51B	42.52B	39.89B
Common Stock, Total	9.06B	9.06B	9.06B	9.06B	9.06B
Additional Paid In Capital	23.02B	23.02B	23.02B	23.02B	23.02B
Retained Earnings	21.2B	20.66B	35.3B	19.15B	21.99B
Comprehensive Income and Other	7.03B	1.25B	6.09B	15.89B	13.79B
Total Common Equity	60.31B	53.99B	73.48B	67.12B	67.87B
Minority Interest	103M	109M	31M	66M	76M
Total Equity	60.42B	54.1B	73.51B	67.19B	67.95B
Total Liabilities And Equity	93.98B	88.6B	112B	110B	108B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.03B	1.03B	1.03B	1.03B	1.01B
ECS Total Common Shares Outstanding	1.03B	1.03B	1.03B	1.03B	1.01B
Book Value / Share	58.57	52.42	71.35	65.18	67.1
Tangible Book Value	27.81B	25.09B	42.02B	65.71B	66.38B
Tangible Book Value Per Share	27	24.36	40.8	63.8	65.62
Total Debt	15.24B	17.44B	12.51B	10.68B	10.62B
Net Debt	11.65B	10.39B	-1.28B	-14.22B	-18.29B
Debt Equivalent of Unfunded Proj. Benefit Obligation	433M	430M	373M	221M	155M
Debt Equivalent Oper. Leases	1.44B	1.46B	1.45B	952M	256M
Minority Interest, Total (Incl. Fin. Div)	103M	109M	31M	66M	76M
Equity Method Investments, Total	736M	898M	952M	1B	959M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	11.03B	8.08B	11.99B	20.48B	16.29B
Inventories - Work In Process, Total	718M	763M	655M	869M	856M
Inventories - Finished Goods, Total	8.65B	8.6B	12.95B	16.56B	15.34B
Land - (BS)	1.25B	1.14B	1.19B	1.26B	1.32B
Buildings, Total	8.35B	8.18B	8.64B	9.4B	9.86B
Machinery, Total	49.03B	48.66B	51.44B	55.53B	57.72B
Full Time Employees	14.11K	14.3K	14.66K	14.92K	14.72K
Part Time Employees	406	232	422	405	411
Accumulated Allowance for Doubtful Accounts (Supple)	209M	174M	166M	244M	233M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	1.08B	-510M	14.66B	-10.89B	13.03B
Depreciation & Amortization - CF	3.66B	3.57B	3.14B	3.25B	3.55B
Amortization of Goodwill and Intangible Assets - (CF)	550M	118M	116M	135M	135M
Depreciation & Amortization, Total	4.21B	3.69B	3.26B	3.39B	3.68B
(Gain) Loss From Sale Of Asset	15M	46M	-1M	-29M	9M
(Gain) Loss on Sale of Investments - (CF)	-25M	-15M	-	-	-38M
Asset Writedown & Restructuring Costs	5M	-	-	33.31B	-8M
(Income) Loss On Equity Investments - (CF)	-41M	-9M	22M	-26M	29M
Other Operating Activities, Total	-794M	-405M	2.42B	681M	-65M
Change In Accounts Receivable	1.86B	-415M	-3.67B	-312M	1.16B
Change In Inventories	149M	2.1B	-7.57B	-10.39B	5.13B
Change In Accounts Payable	-1.46B	-447M	4.76B	2.27B	-2.54B
Change in Other Net Operating Assets	340M	331M	985M	149M	1.08B
Cash from Operations	5.34B	4.37B	14.87B	18.16B	21.47B
Capital Expenditure	-2.94B	-2.2B	-3.38B	-4.95B	-6.57B
Sale of Property, Plant, and Equipment	15M	114M	1.24B	1.54B	1.26B
Cash Acquisitions	-	-	-33M	-433M	-52M
Divestitures	118M	143M	-	-	61M
Sale (Purchase) of Real Estate properties	-	-	-	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-1.14B	-233M	-97M	-79M	-20M
Other Investing Activities, Total	-4M	2M	5M	32M	23M
Cash from Investing	-3.95B	-2.18B	-2.27B	-3.89B	-5.29B
Long-Term Debt Issued, Total	7.59B	13.92B	4.34B	-	2.23B
Total Debt Issued	7.59B	13.92B	4.34B	-	2.23B
Long-Term Debt Repaid, Total	-8.26B	-10.62B	-10.01B	-2.32B	-2.79B
Total Debt Repaid	-8.26B	-10.62B	-10.01B	-2.32B	-2.79B
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-	-	-	-1.29B
Common Dividends Paid	-1.54B	-	-	-5.41B	-8.96B
Common & Preferred Stock Dividends Paid	-1.54B	-	-	-5.41B	-8.96B
Other Financing Activities, Total	1.78B	-2.62B	645M	7.01B	-1.96B
Cash from Financing	-421M	685M	-5.03B	-723M	-12.76B
Foreign Exchange Rate Adjustments	28M	581M	-827M	-2.44B	599M
Miscellaneous Cash Flow Adjustments	-	-	-	1M	-
Net Change in Cash	998M	3.45B	6.74B	11.1B	4.02B
Supplemental Items
Cash Interest Paid	694M	655M	512M	474M	776M
Cash Income Tax Paid (Refund)	1.32B	56M	1.36B	5.95B	3.88B
Levered Free Cash Flow	3.48B	2.77B	6.27B	-13.3B	11.54B
Unlevered Free Cash Flow	3.86B	3.1B	6.56B	-12.96B	12.04B
Change In Net Working Capital	-1.81B	-2.08B	4.73B	8.68B	-4.61B
Net Debt Issued / Repaid	-661M	3.3B	-5.67B	-2.32B	-556M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	0.82	-0.51	11.38	-2.46	9.48
Return on Total Capital	1.03	-0.64	14.49	-3.33	13.19
Return On Equity %	1.82	-0.86	23	-15.46	19.3
Return on Common Equity	1.8	-0.89	23.01	-15.48	19.3
Margin Analysis
Gross Profit Margin %	8.23	5.78	24.47	1.28	18.87
SG&A Margin	6.48	6.23	4.82	4.32	5.06
EBITDA Margin %	6.17	3.5	21.77	-1.31	16.28
EBITA Margin %	2.34	-0.96	19.17	-3.28	13.92
EBIT Margin %	1.62	-1.15	19.05	-3.39	13.81
Income From Continuing Operations Margin %	1.43	-0.75	15.3	-8.45	10.91
Net Income Margin %	1.41	-0.78	15.29	-8.46	10.9
Net Avail. For Common Margin %	1.41	-0.78	15.29	-8.46	10.9
Normalized Net Income Margin	1	-0.78	11.94	-2.33	8.57
Levered Free Cash Flow Margin	4.55	4.24	6.54	-10.33	9.66
Unlevered Free Cash Flow Margin	5.05	4.74	6.85	-10.07	10.07
Asset Turnover
Asset Turnover	0.81	0.72	0.96	1.16	1.1
Fixed Assets Turnover	2.92	2.57	3.85	4.78	4.09
Receivables Turnover (Average Receivables)	9.61	9.36	10.72	11.17	10.46
Inventory Turnover (Average Inventory)	3.49	3.26	3.37	4	2.75
Short Term Liquidity
Current Ratio	1.66	1.51	2.06	2.53	2.67
Quick Ratio	0.58	0.67	0.99	1.24	1.48
Operating Cash Flow to Current Liabilities	0.27	0.2	0.58	0.59	0.77
Days Sales Outstanding (Average Receivables)	37.98	39.08	34.03	32.66	34.89
Days Outstanding Inventory (Average Inventory)	104.53	112.37	108.46	91.19	132.53
Average Days Payable Outstanding	65.61	72.16	61.8	48.22	75.62
Cash Conversion Cycle (Average Days)	76.91	79.29	80.69	75.63	91.8
Long Term Solvency
Total Debt/Equity	25.22	32.25	17.02	15.89	15.63
Total Debt / Total Capital	20.14	24.38	14.55	13.71	13.52
LT Debt/Equity	19.66	20.02	14.16	12.06	12.41
Long-Term Debt / Total Capital	15.7	15.14	12.1	10.41	10.73
Total Liabilities / Total Assets	35.71	38.94	34.38	38.76	36.99
EBIT / Interest Expense	2.03	-1.44	39.37	-8.23	20.89