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SSAB (SSAAY)
OTHER OTC:SSAAY
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Earnings Data
Report Date
Jan 29, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.01Last Year’s EPS
0.09Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 26, 2018
|% Change Since: 3.11%
|Next Earnings Date:Jul 20, 2018
Earnings Call Sentiment|Neutral
The earnings call reflects a challenging market environment with decreased revenue and profitability, impacted by weak demand in key regions and planned maintenance costs. Despite these challenges, SSAB continues to make progress in safety, sustainability, and cost management, with stable performance in the Special Steels segment and a strong cash position.Company Guidance
During the SSAB Q3 2024 earnings call, key guidance metrics included expectations for lower shipments in the Europe and Special Steels divisions, but higher volumes in the Americas due to completed maintenance at the Montpelier mill, which had previously incurred SEK 450 million in costs. The company reported a Q3 revenue of SEK 24.4 billion, a 14% decrease from Q2, with EBITDA at SEK 2.3 billion, down SEK 1.7 billion from the previous quarter. Special Steels saw prices up 1% compared to Q2, despite market weakness, while Americas experienced an 8% price reduction. SSAB anticipates stable raw material costs in Europe, with slight decreases for Special Steels and some increases in the Americas due to scrap prices. The company plans to finalize SEK 1.65 billion in maintenance costs for the year, with significant spending expected in Q4. Additionally, SSAB maintains its 2024 CapEx forecast at SEK 6.3 billion, highlighting ongoing investments in strategic projects like the electric arc furnace at Oxelosund.Strong Safety Performance
SSAB's safety metrics have improved, with an LTI frequency of 0.82 per million working hours, showing a continued focus on safety across major sites.
Progress in Sustainability Initiatives
Transformation projects in Oxelosund and Lulea are progressing as planned, aiming to reduce CO2 emissions and enhance production flexibility.
Special Steels Segment Stability
Despite weak market conditions, Special Steels maintained stable pricing and good profitability, with prices up 1% compared to Q2 2024.
Cost Savings in Ruukki Construction
Ruukki Construction has seen positive effects from a cost-cutting program, amounting to SEK 150 million annually.
Positive Cash Flow Position
SSAB maintained a net cash position of SEK 13.3 billion at the end of Q3, aligning well with financial targets.
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SSAAY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SSAAY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 29, 2025 | $2.25 | $2.32 | +3.11% |
| Oct 23, 2024 | $2.34 | $2.34 | 0.00% |
| Jul 24, 2024 | $2.69 | $2.62 | -2.60% |
| Apr 24, 2024 | $2.82 | $2.81 | -0.35% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does SSAB (SSAAY) report earnings?
SSAB (SSAAY) is schdueled to report earning on Jan 29, 2025, TBA Not Confirmed.
What is SSAB (SSAAY) earnings time?
SSAB (SSAAY) earnings time is at Jan 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SSAAY EPS forecast?
SSAAY EPS forecast for the fiscal quarter 2024 (Q4) is 0.01.
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