Q2 2026 SSAB AB Earnings Call Transcript
Key Points
- SSAB AB (publ) (SSAAF) reported a better Q2 financial performance compared to both Q1 and the same quarter last year, with improvements in EBITDA and net cash position.
- The company has successfully increased shipments and prices, contributing to higher revenues.
- SSAB AB (publ) (SSAAF) has made strategic investments, including a sequencing line in Oxelosund, to enhance production capabilities and meet increased demand, particularly in the defense industry.
- The company is on track with its strategic direction, including the conversion of production facilities and the groundwork for the Lulea mini mill.
- SSAB AB (publ) (SSAAF) received a Baa2 investment grade rating from Moody's, reflecting confidence in its financial stability and strategic direction.
- Higher variable costs, particularly in transportation, energy, and alloys, offset some of the financial improvements.
- The company faces challenges with transportation issues in the United States, affecting shipment volumes.
- SSAB AB (publ) (SSAAF) anticipates lower shipment volumes in Q3 due to scheduled maintenance activities.
- The company is experiencing increased costs related to CO2 emission allowances and logistics, impacting overall expenses.
- There are uncertainties regarding the impact of geopolitical turbulence in the Middle East on variable costs and market conditions.
Good morning and welcome to this presentation of the SSAB Q2 report. My name is Per Hillstrom, I'm Head of Investor Relations at SSAB and presenting today we have Johnny Sjostrom, President and CEO; and also Leena Craelius, CFO.
If we look at the agenda, Johnny will start with an overview of the quarter. Then Leena will present more details on the financials, and then Johnny will come back at the end with the outlook and the summary. And after that, we will have a good time for Q&A.
So by that, please, Johnny, start the presentation.
Thank you very much, Per. And I will start by summarizing our Q2 report. And as always, we start with health and safety. I'm happy to see that the trend continues and that we improve our safety KPI and the safety culture is further implemented in our company.
I think also it's worth highlighting that our total recordable, the TRIF, is also on a lower level, 4.1, which is one of the
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