SSAB AB The share, which rose 0.3 percent on the day of the report, is currently up 4.6 percent after the report release, while the OMXS30 index has risen 0.9 percent.
Based on estimates received after the interim report, Factset's consensus for this year's sales has been lowered by 0.8 percent, while the consensus for next year has been adjusted downwards by 1.2 percent.
The consensus for ebitda earnings has been lowered by 1.2 percent for this year and lowered by 6.0 percent for next year.
The average recommendation on the share remains overweight.
The average target price has been lowered 4.5 percent to SEK 59.62, from SEK 62.42.
The proportion of positive recommendations is now 41 percent (41), while the proportion of 'hold' recommendations is 41 percent (41) and the proportion of negative recommendations is 18 percent (18).
| SSAB | ||||
| Share price development on reporting date | 0,3% | |||
| Date of report | 2024-10-30 | 2024-10-22 | Difference | Number of estimates |
| Share price | 51,62 | 49,36 | 4,6% | |
| Average target price | 59,62 | 62,42 | -4,5% | |
| Difference target price vs current share price | 15,49% | 26,46% | ||
| Consensus recommendation | Overweight | Overweight | 17 | |
| Share of positive recommendations | 41% | 41% | 7 | |
| Share of retained recommendations | 41% | 41% | 7 | |
| Share of negative recommendations | 18% | 18% | 3 | |
| Sales, current quarter | 23 065 | 23 979 | -3,8% | 12 |
| Sales, current year | 103 114 | 103 960 | -0,8% | 15 |
| Sales, next year | 102 476 | 103 669 | -1,2% | 15 |
| Growth in sales, next year | -0,6% | -0,3% | ||
| Ebitda result, current quarter | 1 658 | 2 134 | -22,3% | 11 |
| Ebitda result, current year | 12 243 | 12 393 | -1,2% | 15 |
| Ebitda result, next year | 11 526 | 12 261 | -6,0% | 15 |
| Growth ebitda result, next year | -5,9% | -1,1% | ||
| Dividend (average), this year | 2,99 | 2,97 | 0,8% | 14 |
| Dividend (average), next year | 2,34 | 2,57 | -9,2% | 14 |
| Source: Factset |
