Q1 2025 SSAB AB Earnings Call Transcript
Key Points
- SSAB AB (SSAAF) reported a strong safety performance, maintaining a high focus on safety across all operations.
- Special Steels division showed a significant recovery in volumes and maintained pricing, contributing to a financial performance of SEK1.4 billion.
- The company approved an investment in a tempering furnace at the Mobile production facility, enhancing its capability to produce advanced grades like Hardox 500 Tuf.
- SSAB AB (SSAAF) secured a EUR2.3 billion financing package for the Luleå mini-mill project, providing flexibility and supporting project implementation.
- The company experienced a strong order intake in the Americas, with expectations of significantly higher prices in upcoming quarters.
- The strike in Finland resulted in a cost of roughly SEK120 million, negatively impacting financial performance.
- Revenue for Q1 was down 6% compared to the previous year, indicating lower prices despite increased shipments.
- EBITDA dropped compared to the previous year, with a significant impact from lower prices, particularly in the Americas division.
- The company faces uncertainty due to tariffs, which could impact long-term export and trade dynamics.
- SSAB Europe reported low profitability levels, indicating a need for improvement despite some positive volume performance.
Good morning, and welcome to this presentation of the SSAB report for the first quarter of 2025. My name is Per Hillstrom, I'm Head of Investor Relations at SSAB. And presenting today, we have our President and CEO, Johnny Sjöström; and also our CFO, Leena Craelius. And if we go to the agenda, could we -- I'm just asking the operator to please, if we can have the slides.
YEs, thank you. And the agenda for today, Johnny will start with the first quarter in brief. Leena then present more details on the financials, and then Johnny comes back at the end with the outlook and the summary. And after that, we will open up for questions. So please, Johnny, the floor is yours.
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Thank you very much, Per, and good morning to all of you. I will start by going into the highlights of Q1. And within SSAB, safety is a priority, hence the reason why we always start with safety. Looking at our safety performance, it is on a good level,
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