Jonas Bergstrand, General Counsel at SSAB, has decided to leave SSAB to become General Counsel at Volvo Construction Equipment.
The fourth quarter · Revenue was SEK 30,138 (27,337) million · Adjusted operating result was SEK 3,768 (6,961) million · Adjusted earnings per share were SEK 3.18 (5.30) · Goodwill impairment of SEK 33.3 billion, reported as an item affecting comparability · Net cash was SEK 14.3 (2.3) billion · The Board proposes a dividend of SEK 8.70 (5.25) and given SSAB’s strong financial position, an authorization to buy back up to 10% of all outstanding SSAB shares will be proposed to the AGM Full-year 2022 · Revenue was SEK 128,745 (95,891) million · Operating result was SEK -4,355 (18,837) million including the goodwill impairment of SEK 33.3 billion and adjusted operating result was SEK 29,283 (18,837) million · Earnings per share was SEK -10.57 (14.24) and adjusted earnings per share was SEK 22.38 (14.24)
SSAB makes an impairment charge of SEK 33.3 billion related to the Group’s total goodwill of SEK 33.6 billion. The impairment is reported as an item affecting comparability in the fourth quarter of 2022 and does not affect cash flow. SSAB has a strong financial position and the ability to pursue its dividend policy is unaffected.
SSAB is a specialized steel manufacturer. We only make steel grades with qualities that are fine-tuned to make applications stronger, lighter, safer, easier to produce, more long-lasting, fuel efficient and sustainable – all depending on what’s highest on the users’ list of priorities.
Strenx® is a high-strength structural steel allowing for innovative design of advanced load-bearing structures that are strong and light.
Hardox® is the leading wear-resistant steel with outstanding hardness, toughness and abrasion resistance in the most challenging environments.
Docol® is the ultimate automotive steel with a tensile strength span that includes advanced high-strength steel (AHSS) and ultra high-strength steel (UHSS).
GreenCoat® is a wide range of innovative, sustainable color coated steel solutions for roofs, façades and rainwater systems.
Toolox® is designed to be the market’s most versatile steel for high-speed manufacturing of machine parts, molds and dies.
Armox® is an armor steel for the protection of people and property in hazardous environments.
COR-TEN® is a striking choice of weathering steel for building façades with practically zero need for maintenance.
Duroxite® overlay solutions are wear-resistant hard-faced plates, pipes and pins as well as wire and electrodes for producing overlay parts with exceptional service life.
SSAB Boron is a boron-alloyed steel with exacting properties for quench and press hardening.
SSAB Domex® is an all-round structural steel suitable for bending, machining and welding.
SSAB Form gives high productivity in stamping, drawing, roll forming and other cold forming procedures.
SSAB Laser® is a high-strength cold-forming steel with guaranteed flatness, both before and after laser cutting.
SSAB Multisteel is a multi-standard steel for structural, shipbuilding and pressure vessel plate in the 260-355 MPa range.
SSAB Weathering is a steel which protects itself against the elements, providing exceptionally low life-cycle costs.
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SSAB has a strong position as a specialized manufacturer for the high-end steel market. Our financial target is to reach industry-leading profitability, benchmarked against a number of other major steel companies.
At SSAB, there are many job opportunities in steel manufacturing, finance, research, environmental issues, marketing, business development and HR. If you are ready to move onwards and upwards, contact us.
We want to become the first fossil-free steel company in the world. Our vision is at the core of our entire operation. We are striving to create a stronger, lighter and more sustainable world. Sustainability is a key business driver for both us and our customers.