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SSAB Zero™ steel utilization expands in furniture segment. SSAB Europe and Ekornes AS (Norway) possess decades of development and business partnership in precision steel tubes, which has now taken the latest leap into the area of decarbonized steel. This journey and recent experiments with SSAB Form Tube Zero are now part of our success stories.
Summary · Revenue was SEK 27,489 (25,631) million · Operating result was SEK 2,695 (2,140) million, higher prices and higher shipments · Earnings per share were SEK 2.09 (1.86) · Net cash was SEK 8.6 (10.9) billion, dividend of SEK 2 billion paid in Q2 · Lost time injury frequency (LTIF) decreased to an all-time low of 0.38 (0.64) · Conversion of Oxelösund progresses, production start planned for Q2 2027 · Groundwork in Luleå continues after precautionary pauses and the project remains on schedule for production start late 2029 · Investments to increase capacity within SSAB Special Steels communicated in Q2
SSAB has received its inaugural credit rating from Moody's Ratings, marking an important milestone in the company's financing strategy and strengthening its position in the capital markets. Moody’s has assigned SSAB a Baa2 investment grade long-term issuer rating with a Stable outlook.