SSAB’s annual general meeting (AGM) was held today, April 24, 2024, in Stockholm. The shareholders were also able to exercise their voting rights by postal voting. The AGM resolved on a dividend of SEK 5 per share.
The first quarter · Revenue was SEK 27,148 (31,904) million · Operating result was SEK 3,157 (4,733) million · Earnings per share were SEK 2.57 (3.59) · Net cash was SEK 18.2 (15.6) billion · Investment decision of EUR 4.5 billion for fossil-free steel mill in Luleå
The second phase of the joint project FOSSA (Fossil-free Steel Applications) coordinated by SSAB Europe has received a positive financing decision from Business Finland. The project supports SSAB’s goal of building a fossil-free value chain from steel production to the end customer.
SSAB has signed a letter of intent for deliveries of fossil-free steel to Manitou Group. Deliveries are set to start in 2026 and ramp up as SSAB’s fossil-free steel production capacity increases. This agreement meets the ambitions of the two companies to significantly reduce their direct and indirect carbon emissions.
SSAB and John Deere Forestry Oy have signed a letter of intent on deliveries of fossil-free steel from 2026 onwards.
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