SSAB Third Quarter 2024 Earnings: Revenues Miss Expectations

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...

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