The fourth quarter
- Revenue was
SEK 27,337 (16,988) million - EBITDA was
SEK 7,753 (1,439) million - Operating profit was
SEK 6,961 (557) million - Earnings per share were
SEK 5.30 (0.33) - Net cash was
SEK 2.3 billion (net debt ofSEK 10.3 billion ) - The Board proposes a dividend of
SEK 5.25 (0.00) per share for 2021
Comments by the CEO - strong finish to a record year
The full year 2021 was the best in SSAB's history with record results posted by all divisions. Most of this improvement was driven by high steel prices. Internal performance was good during the year, with high production stability and improved safety results. During the year, SSAB strengthened its position as the driving force in the green transition in the steel industry.
Operating profit for the fourth quarter of 2021 increased to
SSAB Special Steels' operating profit for the fourth quarter increased to
SSAB Europe's operating result for the fourth quarter increased to
Our focus on health and safety work and a stable production level have delivered good results and LTIF decreased to 1.8 (3.7) during 2021. Covid-19 continues to cause problems and we have introduced further measures since the turn of the year to limit the spread.
The outlook for the first quarter of 2022 is basically positive, albeit with continued uncertainty due to a shortage of components at several of our customers, as well as bottlenecks in logistics chains, not least in the light of the growing spread of Covid-19.
SSAB is leading the green transition of the steel industry through the unique HYBRIT initiative, which SSAB is driving forward together with its partners. Demand for fossil-free steel is showing strong growth and it is against this background that SSAB's Board took a strategic decision to transform the Nordic strip production and accelerate the company's green transition. The plan is to replace the existing production system with so-called mini-mills, which will result in a broader product program and improved cost position. The ambition is to eliminate virtually all carbon dioxide emissions 15 years earlier than the original plan announced earlier. However, for this to be done, the necessary infrastructure must be in place in time, as well as access to fossil-free electricity.
SSAB invites you to a presentation of the year-end report for 2021 at
The year-end report will be presented by SSAB's President and CEO
Time of briefing:
Teleconference numbers:
Conference ID: 15079489#
Link to webcast: https://edge.media-server.com/mmc/p/3ecu833c
For further information, please contact:
Investor Relations: Per Hillström, Head of IR, per.hillstrom@ssab.com, +46 70 2952 912
Media:
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SSAB is a Nordic and US-based steel company. SSAB offers value added products and services developed in close cooperation with its customers to create a stronger, lighter and more sustainable world. SSAB has employees in over 50 countries. SSAB has production facilities in
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