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Sweden's SSAB Q3 revenue rises on higher prices and shipments

By Reuters News


Overview

  • Sweden steelmaker's Q3 revenue rose yr/yr on higher prices and shipments

  • Q3 EPS increased from prior year

  • Company progressing on Oxelösund and Luleå projects as planned


Outlook

  • Company expects realized steel prices to be somewhat higher in Q4 2026 vs Q3

  • Company to complete annual planned maintenance in Q4 2026

  • Company sees signs of improved supply-demand balance in European steel market


Result Drivers

  • HIGHER PRICES AND SHIPMENTS - Co said improved steel prices and increased shipments supported Q3 operating result

  • PREMIUM SEGMENTS - Increased shipments of premium products, including Automotive AHSS, contributed to Q3 results

  • US PLATE MARKET - SSAB Americas benefitted from strong US plate market


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

SEK 25.63 bln

Q3 EPS

SEK 1.56

Q3 EBIT

SEK 2.16 bln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"

  • The average consensus recommendation for the iron & steel peer group is "buy"

  • Wall Street's median 12-month price target for SSAB AB (publ) is SEK120.00, about 22.2% above its October 27 closing price of SEK98.22

  • The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago


Reuters Recommended Reads

  • Oct 26 - Steelmaker Gerdau's profit rises 40% in Q3 on strong North America operations

  • Oct 26 - Nucor beats Q3 sales estimates on steel mills unit growth

  • Oct 27 - Trading starts on LME's first contract from Shanghai exchange collaboration


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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