Stock Analysis

SSAB First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St

April 25, 2024

SSAB (STO:SSAB A) First Quarter 2024 Results

Key Financial Results

Revenue: kr27.1b (down 15% from 1Q 2023).
Net income: kr2.57b (down 30% from 1Q 2023).
Profit margin: 9.5% (down from 12% in 1Q 2023). The decrease in margin was driven by lower revenue.
EPS: kr2.57 (down from kr3.59 in 1Q 2023).

earnings-and-revenue-growth — OM:SSAB A Earnings and Revenue Growth April 25th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

SSAB EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) exceeded analyst estimates by 30%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 3.9% growth forecast for the Metals and Mining industry in Sweden.

Performance of the Swedish Metals and Mining industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for SSAB (of which 1 shouldn't be ignored!) you should know about.

Valuation is complex, but we're helping make it simple.

Find out whether SSAB is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.