All closing conditions with respect to SSAB’s sale of Division IPSCO’s tubular operations have been fulfilled. The closing of the tubular operations sale has thereby occurred, effective upon June 12, 2008.
In connection therewith, David Britten will take over as head of the North America Division, while John Tulloch leaves the company upon retirement.
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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