AT A GLANCE: SSAB swings to Q4 loss, cites 'challenging quarter'

A summary of the financial results for Swedish steelmaker SSAB for the fourth quarter and full year of its financial year in 2019.

In brief  Earnings drop on planned maintenance, lower shipments and strikes as well as weaker demand and pressured steel prices. SSAB Group Fourth-quarter 2019 results Loss before interest and taxes 1.31 billion Swedish krona ($117.4 million), down from earnings before interest and taxes (Ebit) of 1.035 billion krona in 2018. Sales 16.97 billion krona, down from 19.25 billion krona in the fourth quarter of 2018. Planned maintenance costs 850 million krona Full-year 2019 Sales up on higher prices despite lower shipments. Ebit 2.16 billion krona in 2019, down from 5.18 billion krona in 2018, mainly attributable to SSAB Europe Sales 76.485 billion krona in 2019, up 2% from 74.94 billion krona in 2018 Shipments 6,560,000 tonnes in 2019, down from 6,899,000 tonnes in 2018 SSAB Europe fourth-quarter results Production was adjusted due to lower demand,...

Published

Carrie Bone

January 28, 2020

13:10 GMT

London