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SSAB’s reporting schedule and reporting segments
Dates for SSAB’s financial reports in 2016 and 2017
October 28 Interim report for January-September 2016
February 15 Financial statement release (year-end report) for 2016
April 21 Interim report for January-March 2017
July 20 Interim report for January-June 2017
October 25 Interim report for January-September 2017
Reports are published at 7.30am CET/CEST on the release date unless otherwise announced.
The Annual Report 2016 will be published in week 11.
SSAB’s reporting segments
SSAB Special Steels
SSAB Special Steels has global responsibility for the marketing and sales of all SSAB’s quenched and tempered steels (Q&T) and hot-rolled, advanced high-strength steels (AHSS) with yield strengths from 700 MPa and above. SSAB Special Steels is responsible for steel and plate production in Oxelösund (Sweden), and for sales of the above products produced in Mobile (USA), Raahe (Finland) and Borlänge (Sweden). When SSAB Special Steels sells steel made by another division, the revenue is reported by SSAB Special Steels and the accounts are settled between the divisions at the cost of goods sold.
SSAB Europe
SSAB Europe has responsibility for strip, plate and tubular products in Europe, and global profit responsibility for the Automotive segment (cold-rolled strip). SSAB Europe is responsible for steel and plate production in Raahe and Hämeenlinna (Finland), and in Luleå and Borlänge (Sweden).
SSAB Americas
SSAB Americas has profit responsibility for heavy plate in North America, and for steel and plate production in Montpelier and Mobile, USA.
Tibnor
Tibnor is the Group’s distributor of a full range of steel and non-ferrous metals in the Nordic region and Baltics. Tibnor buys and sells materials produced both by SSAB and other suppliers.
Ruukki Construction
Ruukki Construction is responsible for the sales and production of energy-efficient building and construction solutions. Ruukki Construction also includes Plannja, which was earlier part of the SSAB EMEA business area.
Definition of key figures
Formulas for the calculation of key indicators are:
Capital employed
Total assets less non-interest-bearing current and long-term liabilities.
Cash and cash equivalents
Cash and bank balances, as well as short-term investments with a term to maturity of less than three months on the date of acquisition.
Cash flow from current operations
Operational cash flow less financial items and paid tax.
Earnings per share
Profit for the year attributable to the parent company’s shareholders divided by the average number of shares.
EBITDA margin
Result before depreciation and amortization as a percentage of total sales.
Equity
Total equity according to the consolidated balance sheet.
Equity per share
Equity, excluding minority interests, divided by number of shares at year-end.
Equity ratio
Equity as a percentage of total assets.
Maintenance capital expenditures
Investments involving maintenance, rationalization, replacements or which relate to the environment and are made in order to maintain competitiveness.
Net debt
Interest-bearing liabilities less interest-bearing assets.
Net debt/equity ratio
Net debt as a percentage of equity.
Operating cash flow
Funds generated from operations including change in working capital as well as cash flow for regular maintenance investments, but before financial items and paid tax.
Operating margin
Operating result as a percentage of total sales.
P/E ratio
Share price at year-end divided by earnings per share.
Return on equity after tax
Profit for the year after tax as a percentage of average equity per month during the year.
Return on capital employed before tax
Operating profit increased by financial revenue as a percentage of average capital employed per month during the year.
Sales
Sales less deduction for value added tax, discounts and returns.
Strategic capital expenditures
Investments that increase the cash flow through acquisitions of shares and operations, investments in plant expansion or new competitiveness-enhancing technology.
Yield
Dividend as a percentage of the share price at year-end.