The fourth quarter
- Revenue was
SEK 30,138 (27,337) million - Adjusted operating result was
SEK 3,768 (6,961) million - Adjusted earnings per share were
SEK 3.18 (5.30) Goodwill impairment ofSEK 33.3 billion , reported as an item affecting comparability- Net cash was
SEK 14.3 (2.3) billion - The Board proposes a dividend of
SEK 8.70 (5.25) and given SSAB's strong financial position, an authorization to buy back up to 10% of all outstanding SSAB shares will be proposed to the AGM
Full-year 2022
- Revenue was
SEK 128,745 (95,891) million - Operating result was
SEK -4,355 (18,837) million including the goodwill impairment ofSEK 33.3 billion and adjusted operating result wasSEK 29,283 (18,837) million - Earnings per share was
SEK -10.57 (14.24) and adjusted earnings per share wasSEK 22.38 (14.24)
SSAB's adjusted operating result for the full-year 2022 was
SSAB Special Steels had a planned maintenance outage during the fourth quarter and adjusted operating result was
Safety performance continued to improve and Lost Time Injury Frequency (LTIF) decreased to 1.06 (1.80) during the full-year 2022.
The European market remained weak during the fourth quarter and SSAB adjusted production and brought forward maintenance of one of the blast furnaces in Raahe. The assessment is that the market has stabilized, although there is continued uncertainty, and SSAB re-started the blast furnace at the start of this year.
During the fourth quarter, SSAB made a goodwill impairment of
SSAB has a strong financial position and the Board proposes a dividend of
The Board will propose an authorization for a share buyback program to the AGM.
During 2022, SSAB made further progress on the journey towards fossil-free steelmaking. Feasibility studies for cost-effective mini-mills in Luleå and Raahe are ongoing and the joint venture Hybrit continued to develop the technology for fossil-free ironmaking using hydrogen. During the fourth quarter, SSAB became the only steel company to be included in the Dow Jones Sustainability Europe Index 2022.
SSAB invites you to a presentation of the Year-end report of 2022 at
The press conference will be held in English.
Venue and time of briefing:
Teleconference numbers:
Please ask the operator to be connected to "SSAB". There is no conference ID or code required.
Link to webcast: https://edge.media-server.com/mmc/p/c8ufasci
For further information, please contact:
Per Hillström, Head of Investor Relations, per.hillstrom@ssab.com, phone: +46 702 95 29 12
viktoria.karsberg@ssab.com, phone: +46 72 233 5288
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
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