Presentation of the Q1/22 report
Martin Lindqvist, President & CEO Leena Craelius, CFO
Apr 26, 2022
Agenda
►Q1 2022 in brief ►Financials ►Outlook and summary ►Q&A
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Q1 2022 in brief
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Q1/22 - Strong start in turbulent environment
- Steel prices at high level
- Unplanned stop in Raahe and higher raw material costs
- General cost (SG&A) at same level as Q1/19
- Continued improvement in safety - LTIF decreased to 1.6
- SSAB Special Steels' shipments at high level
Record high operating profit (SEK m)
8,377
1,6741,993
916
343
Q1/18 | Q1/19 | Q1/20 | Q1/21 | Q1/22 |
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Impacts on SSAB from the war in Ukraine
- Our highest priority is to assist and support our employees and their families in Ukraine
- SSAB directly ceased sales to Russia and Belarus
- New purchases of ore and coal from Russia discontinued
- Several measures to ensure access to raw materials
- Related write-down of assets in Q1: SEK 487m
- Going forward: Risk of disruptions in supply chains (sanctions and other fallout), as well as impact on economic activity
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SSAB AB published this content on 24 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 January 2023 12:56:01 UTC.