SSAB (STO:SSAB A) Third Quarter 2024 Results
Key Financial Results
- Revenue: kr24.4b (down 17% from 3Q 2023).
- Net income: kr1.05b (down 70% from 3Q 2023).
- Profit margin: 4.3% (down from 12% in 3Q 2023). The decrease in margin was driven by lower revenue.
All figures shown in the chart above are for the trailing 12 month (TTM) period
SSAB Revenues Disappoint
Revenue missed analyst estimates by 1.8%.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 4.6% growth forecast for the Metals and Mining industry in Sweden.
Performance of the Swedish Metals and Mining industry.
The company's shares are up 1.7% from a week ago.
Risk Analysis
Be aware that SSAB is showing 2 warning signs in our investment analysis and 1 of those is a bit unpleasant...
New: Manage All Your Stock Portfolios in One Place
We've created the ultimate portfolio companion for stock investors, and it's free.
• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
About OM:SSAB A
SSAB
Produces and sells steel products in Sweden, Finland, Rest of Europe, the United States, and internationally.
Flawless balance sheet and fair value.
