The second quarter
- Revenue was
SEK 23,673 (15,155) million - EBITDA was
SEK 4,899 (705) million - Operating profit was
SEK 4,083 (-251) million - Earnings per share were
SEK 3.13 (-0.28)
Comments by the CEO - a historical quarter for SSAB
For Q2 2021, we report the highest quarterly operating profit ever, driven by strong demand, high steel prices and stable production. At the same time, we consolidated our position as the leading force in the green transition of the steel industry. The quarter saw us take groundbreaking steps towards full-scale fossil-free steelmaking and enter into new collaboration agreements, which will enable also our customers to reduce their climate footprint.
The result for Q2 2021 increased to
SSAB Special Steels' shipments remained high and rose to 388 (266) ktonnes. Operating profit increased to
SSAB Europe's operating profit rose to
The spread of Covid-19 has decreased at SSAB's production sites. We continue with a number of measures to limit the risks of infection and production has run without impact. Looking ahead, the market outlook is positive. During Q3, SSAB Special Steels and SSAB Europe will complete planned maintenance and we expect seasonally lower activity on the European market.
SSAB has long been at the forefront of the green transition in the steel industry. During Q2, we took further steps towards being first in the world to get fossil-free steel on the market. For the first time ever, iron ore has been directly reduced at a pilot scale using hydrogen made from fossil-free electricity. This groundbreaking step took place at HYBRIT's plant in Luleå. So far, over 100 tonnes of sponge iron of good quality have been produced. We have also initiated a strategic collaboration with
Invitation to SSAB's second quarter 2021 results briefing
SSAB invites you to a presentation of the report for the second quarter of 2021 at
The report for the second quarter of 2021 will be presented by SSAB's President and CEO
Time of briefing:
Teleconference numbers:
Sweden:+46 856 6426 51
United Kingdom:+44 3333 0008 04
United States:+1 8558 5706 86
Conference ID: 64852476#
Link to webcast: https://edge.media-server.com/mmc/p/9nxg4sju
For further information, please contact:
Investor Relations: Per Hillström, Head of IR, per.hillstrom@ssab.com, +46 70 2952 912
Media: Viktoria Karsberg, Head of
This information is inside information that
SSAB is a Nordic and US-based steel company. SSAB offers value added products and services developed in close cooperation with its customers to create a stronger, lighter and more sustainable world. SSAB has employees in over 50 countries. SSAB has production facilities in Sweden, Finland and the US. SSAB is listed on Nasdaq Stockholm and has a secondary listing on Nasdaq Helsinki. www.ssab.com.
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