Q1 2026 SSAB AB Earnings Call Transcript
Key Points
- SSAB AB (publ) (SSAAF) reported a strong EBITDA of SEK3.2 billion for Q1 2026, indicating stable earnings and improvements in both Europe and Americas.
- The company maintained a strong net cash position of SEK9.6 billion, despite seasonal cash outflows typically seen in the first quarter.
- SSAB Special Steels continued to deliver solid performance with high shipment levels, surpassing previous years' first-quarter figures.
- The conversion project at Oxelosund is progressing on time and within budget, with completion expected by early 2027.
- SSAB AB (publ) (SSAAF) proposed a dividend of SEK2 per share, reflecting confidence in its financial stability and performance.
- The Lulea transformation project faced a construction pause due to illness reports, although the additional costs and timeline impacts are currently not significant.
- Ruukki Construction's financial performance was negatively impacted by a longer-than-usual winter season, delaying order intake.
- The European steel market faces potential price volatility due to inventory build-up ahead of new tariffs, which could temporarily affect spot prices.
- The company anticipates slightly higher raw material costs in Q2 2026, particularly for iron ore and coking coal, which may impact margins.
- Concerns over cautious customer behavior in the construction segment due to inflation and interest rate uncertainties could affect future demand.
Good morning, ladies and gentlemen, and welcome to this presentation of the first-quarter of the year for SSAB. My name is Per Hillstrom. I'm Head of Investor Relations at SSAB. And presenting today, we have our President and CEO, Johnny Sjostrom; and also our CFO, Leena Craelius. And if we look at the agenda, we have the usual agenda here with Johnny starting with the first-quarter in brief, Leena will then present more details on the financials, and then Johnny will come back with the outlook. And then we will also have good time for questions at the end.
So by that, Johnny, the floor is yours.
Thank you very much, Per, and good morning to all of you. I will start, like I always do, to go through the safety. We still have a rather good safety trend within SSAB. Our lost time injury frequency, which is a rolling 12 months is at 0.49. But if you're looking at the year 2026, we have quite a good start actually. So a really good performance,
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
