SSAB profit beats analysts' estimates on demand for premium steel products By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 29 2025
0mins
Source: Investing.com
SSAB's Fourth Quarter Performance: SSAB reported a fourth-quarter operating profit of 487 million Swedish crowns, exceeding analysts' expectations despite a decline from the previous year's 2.40 billion crowns, driven by strong demand for high-strength steel.
Future Outlook and Dividend Proposal: The company anticipates weak demand in Europe and North America for the first quarter but expects improved shipments, while proposing a reduced dividend of 2.60 crowns per share, down from 5.00 crowns last year.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
