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Ssab Ab Unsponsored ADR Class A (SSAAY)
:SSAAY
Earnings Data
Report Date
Apr 29, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.05Last Year’s EPS
0.12Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 29, 2025
|% Change Since: 46.22%
|Next Earnings Date:Apr 29, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted SSAB's strategic investments and growth in key segments like Special Steels and Automotive, while acknowledging challenges such as lower operating results and market price decreases in the Americas. The company's strong safety performance and financial position were positive aspects, but volume declines and market challenges were notable concerns.Company Guidance
In the recent SSAB quarterly call, several key metrics were discussed. The operating result for the full year 2024 was SEK 7.8 billion, reflecting a decrease from the previous year due to price declines in the American market. The company maintained a strong safety record, achieving a safety level of 0.75. SSAB's Q4 revenue stood at SEK 23.6 billion, 11% lower than the previous year, with EBITDA at SEK 1.6 billion. Shipments in Q4 were 1,448 kilotonnes, slightly below previous periods. Net debt to equity was at minus 25, highlighting a solid financial position. The board proposed a dividend of SEK 2.6 per share, amounting to SEK 2.6 billion. For 2025, CapEx is projected to be SEK 10 billion, with SEK 7 billion dedicated to strategic investments, including major projects in Oxelosund and Lulea. The guidance for Q1 2025 suggests significantly higher shipments for both Special Steels and Europe, although prices are expected to be somewhat lower.Strong Performance in Special Steels
Despite a challenging market, SSAB's Special Steels division maintained strong demand from the mining industry and stable prices, which contributed to good results. The division expects significantly higher shipments in Q1 2025.
Strategic Investments in Lulea
SSAB is undertaking significant strategic investments in Lulea, including transitioning from a blast furnace to electric arc furnaces and building a cold mill complex. This will enhance production flexibility, reduce CO2 emissions by 50% for SSAB Corporation, and increase production capacity for advanced high-strength steels.
Automotive Segment Growth
SSAB Europe achieved record sales to the automotive industry, growing the market despite a general decline in automotive production. This is a key area for investment in capacity expansion.
Safety Performance
The company's focus on safety led to a record safety level of 0.75, showcasing a strong safety culture and improvement in safety behaviors.
Strong Net Cash Position
SSAB ended the year with a strong net cash position, maintaining a stable balance sheet that supports future investments.
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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 Ab Unsponsored ADR Class A (SSAAY) report earnings?
Ssab Ab Unsponsored ADR Class A (SSAAY) is schdueled to report earning on Apr 29, 2025, TBA Not Confirmed.
What is Ssab Ab Unsponsored ADR Class A (SSAAY) earnings time?
Ssab Ab Unsponsored ADR Class A (SSAAY) earnings time is at Apr 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 2025 (Q1) is 0.05.
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