Regulatory press releases

SSAB becomes full owner of Tibnor

May 24, 2011 8:30 CEST 6 min read

SSAB is becoming the full owner of the steel and non-ferrous metals distributor Tibnor. This is taking place by SSAB, which currently owns an 85% stake in the company, acquiring Outokumpu’s 15% minority stake.

Tibnor is a leading steel and non-ferrous metals distributor in Sweden and the rest of the Nordic region, and also has a subsidiary in Latvia.

“Tibnor is an important channel for reaching our customers on our Nordic domestic market and we see that the company possesses good development potential,” says SSAB’s President and CEO Martin Lindqvist.

SSAB is paying EUR 44 million in cash for Outokumpu’s 15% stake. The sale is not expected to impact on customer relations between Outokumpu and Tibnor, which markets and sells products from many different suppliers.

Jan 27 2023

Goodwill impairment during the fourth quarter

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.

Jan 27 2023

Year-end report 2022: Record full-year earnings

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)

Jan 25 2023

The year starts with SSAB's annual Steel Pile Day

Foundation construction industry professionals gathered on 19th January 2023 at SSAB's Steel Pile Day in Pasila, northern Helsinki. The event brought together approximately 300 contractors, designers, equipment manufacturers, authorities, students, and a large number of other people who were interested in the field.

Regulatory press releases

SSAB becomes full owner of Tibnor

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Goodwill impairment during the fourth quarter

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The year starts with SSAB's annual Steel Pile Day