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SSAB strengthens its presence in Holland

August 09, 2013 8:00 CEST 6 min read

Hardox Wearparts Center Geha Beheer BV (Geha) is acquiring Laverman Holding BV (Laverman) and forming Geha-Laverman. The new company will be a strong, complete supplier with a comprehensive range of wear products and services. In connection with the merger, SSAB – which currently holds a minority stake in Geha – is increasing its shareholding in the new company to 51%.

“By combining Geha’s know-how regarding Hardox wearparts and Laverman’s focus on castings, a company is being formed that will possess broad expertise and a complete customer offering,” says Chris Van Beurden, Vice President Wear Services EMEA. “I see great opportunities for SSAB to further strengthen its presence in the region through an increased stake in the new company.”

Geha-Laverman will be a leading supplier of wear products to the demolition and recycling market. The new company will focus primarily on segments such as demolition, waste management, scrap, sand and glass recycling. Bulk materials-handling, infrastructure and quarrying will also be core market sectors. The company will have 46 employees.

“With the companies’ combined 12-strong sales force and the wider product portfolio after the merger, there will be great opportunities to reach more customers and strengthen the company's position on the market,” says Chris Van Beurden.

The investment represents a part of SSAB’s strategy to grow on the wear parts aftermarket.

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.

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SSAB strengthens its presence in Holland

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Goodwill impairment during the fourth quarter

Year-end report 2022: Record full-year earnings

The year starts with SSAB's annual Steel Pile Day