SSAB : Result for the second quarter 2022 presentation
January 24, 2023 at 07:57 am EST
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Presentation of the Q2/2022 report
Martin Lindqvist, President & CEO Leena Craelius, CFO
July 22, 2022
Agenda
►Q2/2022 in brief ►Financials ►Outlook and summary ►Q&A
2
Q2/2022 in brief
3
Q2/2022 - A record quarter
Combination of high realized prices and solid internal performance
Operating profit exceeded SEK 10bn
General cost level in line with 2019
10,395
4,083
1,630
1,316
-973
Q2/18
Q2/19
Q2/20
Q2/21
Q2/22
Improved safety performance (LTIF, r12m)
5.70
5.10
4.30
2.30
1.56
Q2/18
Q2/19
Q2/20
Q2/21
Q2/22
4
Special Steels reached record shipment (kton)
388 396
339 339
297
Q2/18 Q2/19 Q2/20 Q2/21 Q2/22
Strong balance sheet (net cash, SEK bn)
7.2
-6.5
-11.9
-11.8
-12.8
Q2/18
Q2/19
Q2/20
Q2/21
Q2/22
Record result for all divisions in Q2
EBIT, SEK million
EBIT
2,392
margin
27%
1,175
SSAB
522
528
469
Special
Steels
Q2/18
Q2/19
Q2/20
Q2/21
Q2/22
EBIT
margin
3,512
40%
888
1,084
SSAB
365
Americas
6
Q2/18
Q2/19
Q2/20
Q2/21
Q2/22
EBIT
212
margin
10%
162
95
86
59
Ruukki
Construction
Q2/18
Q2/19
Q2/20
Q2/21
Q2/22
4,070
907
1,512
66
-566
Q2/18
Q2/19
Q2/20
Q2/21
Q2/22
613
449
83 29 29
Q2/18
Q2/19
Q2/20
Q2/21
Q2/22
Excluding items affecting comparability
EBIT
margin
28%
SSAB
Europe
EBIT
margin
13%
Tibnor
5
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SSAB AB published this content on 24 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 January 2023 12:56:01 UTC.
SSAB AB specializes in manufacturing and distribution of specialty steel. Net sales break down by activity as follows:
- steel processing (78.6%): processing of steel and aluminum sheets for industry or construction (the group is the leading manufacturer of steel sheets in Scandinavia), production of laminated steel, metal plate and hardened steel used mainly in equipment for the construction and mining industries (world's leading manufacturer) and manufacture of safety components for the automotive industry;
- trading of steel products (12.8%): metals, building products, tools, machinery, etc. Tibnor is Sweden's leading steel trading company;
- sale of construction materials (5.3%; Ruukki Construction);
- other (3.3%).
Net sales are distributed geographically as follows: Sweden (13.9%), Finland (9.5%), Europe (34.6%), the United States (29.8%) and other (12.2%).