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Financial information

In this section you can find information about SSAB’s financial performance. SSAB’s financial year is the calendar year. The consolidated financial statements are prepared in accordance with the Swedish Annual Reports Act as well as International Financial Reporting Standards (IFRS). The financial information on this page is updated when financial information is disclosed. All financial reports can be found in the Reports and Presentations section.

Key figures 2011-2015

Key figures 2015 2014 2013 2012 2011
Sales SEK millions 56,864 47,752 36,455 38,923 44,640
Operating profit/loss SEK millions -243 -107 -1,131 -96 2,512
Profit /loss after financial items SEK millions -1,171 -1,589 -1,728 -693 1,998
Profit/loss after tax SEK millions -508 -1,399 -1,066 15 1,560
Investments in plants and operations SEK millions -2,582 -1,720 828 1,461 3,210
Cash flow from current operations SEK millions 2,802 473 1,103 3,925 2,200
Net debt SEK millions 23,156 24,674 14,833 15,498 18,475
Capital employed at year-end SEK millions 75,346 62,476 45,983 48,414 51,558
Total assets SEK millions 85,158 89,727 55,936 58,619 63,439
Return on capital employed before tax % 0.0 0.0 -2.0 0.0 5.0
Return on equity after tax % -1.0 -4.0 -4.0 0.0 5.0
Net debt/equity ratio % 52 56 55 54 60
Average number of employees 17,508 13,639 8,194 8,695 8,830

Year 2014: Rautaruukki was acquired on July 29, 2014 and the above figures include Rautaruukki's figures from that date onwards.

SSAB’s reporting schedule and reporting segments

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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 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

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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.


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 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.


Dividend as a percentage of the share price at year-end.