OverviewSuggest Edit

SSAB (formerly known as Svenskt Stål) is a global steel company that develops and produces advanced high-strength steels and quenched and tempered steels, strip, plate and tube products, as well as construction solutions. It offers wear-resistant steels, structural and cold forming steels, metal coated coils and sheets, color coated coils and sheets, overlay products, hollow sections, open sections, precision tubes, steel piles and infrastructure products, as well as workshop solutions, welding consumables, and machine tools. The company serves the heavy transport, infrastructure, automotive, industrial, construction machinery, and energy and material handling industries. SSAB markets its products primarily under the Hardox, Strenx, Docol, GreenCoat, Armox, and Toolox brands.

TypePublic
Founded1978
HQStockholm, SE
Websitessab.com
Employee Ratings4.5

Latest Updates

Employees (est.) (Dec 2019)14,514(+2%)
Job Openings1
Revenue (FY, 2019)KR76.5 B(+3%)
Share Price (Jul 2021)KR48.6(+3%)
Cybersecurity ratingDMore

Key People/Management at SSAB

Martin Lindqvist

Martin Lindqvist

President & CEO, Board Member
Olavi Huhtala

Olavi Huhtala

EVP & Head of SSAB Europe
Charles Schmitt

Charles Schmitt

EVP & Head of SSAB Americas
Jonas Bergstrand

Jonas Bergstrand

Executive Vice President and Head of Legal and Procurement
Johnny Sjöström

Johnny Sjöström

EVP & Head of SSAB Special Steels
Christina Friborg

Christina Friborg

Executive Vice President and Head of Sustainability
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SSAB Office Locations

SSAB has offices in Stockholm, Moon Township, Buenos Aires, Woolloongabba and in 46 other locations
Stockholm, SE (HQ)
Klarabergsviadukten 70, d6
Buenos Aires, AR
Del Caminante 80, Piso 5
Woolloongabba, AU
Level 2/32 Logan Rd
Minsk, BY
117, Odoevskogo str, office 29
São Paulo, BR
R. Cap. Antônio Rosa, 409 - Pinheiros
Plovdiv, BG
PO box № 10
Show all (50)

SSAB Financials and Metrics

SSAB Revenue

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View revenue for all periods
SSAB's revenue was reported to be kr76.49 b in FY, 2019 which is a 2.1% increase from the previous period.
SEK

Revenue (Q3, 2020)

14.5b

Gross profit (Q3, 2020)

(113.0m)

Gross profit margin (Q3, 2020), %

(0.8%)

Net income (Q3, 2020)

(734.0m)

EBIT (Q3, 2020)

(973.0m)

Market capitalization (29-Jul-2021)

46.1b

Closing stock price (29-Jul-2021)

48.6

Cash (30-Sept-2020)

5.4b

EV

59.7b
SSAB's current market capitalization is kr46.1 b.
Annual
SEKFY, 2017FY, 2018FY, 2019

Revenue

66.1b74.9b76.5b

Revenue growth, %

13%2%

Cost of goods sold

58.6b65.3b70.2b

Gross profit

7.5b9.6b6.3b
Quarterly
SEKQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

17.4b19.3b19.0b20.0b20.7b18.8b18.8b15.2b14.5b

Cost of goods sold

15.5b16.4b16.3b17.2b18.3b17.5b17.2b14.4b14.6b

Gross profit

1.8b2.8b2.7b2.8b2.4b1.4b1.6b769.0m(113.0m)

Gross profit Margin, %

11%15%14%14%11%7%8%5%(1%)
Annual
SEKFY, 2017FY, 2018FY, 2019

Cash

4.2b2.6b3.6b

Accounts Receivable

7.8b8.8b6.9b

Inventories

16.0b19.8b20.4b

Current Assets

32.5b35.3b32.8b
Quarterly
SEKQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

3.9b2.1b4.1b4.9b4.4b4.3b7.0b5.6b5.4b

Accounts Receivable

9.0b9.9b9.7b9.7b9.6b8.8b8.4b6.8b7.1b

Inventories

16.3b17.6b19.2b20.1b22.2b22.9b20.1b20.1b18.8b

Current Assets

33.7b33.7b37.0b37.7b39.2b38.8b39.0b35.4b34.0b
Annual
SEKFY, 2017FY, 2018FY, 2019

Depreciation and Amortization

3.8b3.8b4.2b

Inventories

(1.2b)(3.5b)149.0m

Accounts Payable

2.1b2.8b(1.5b)

Cash From Operating Activities

6.7b6.8b5.3b
Quarterly
SEKQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Depreciation and Amortization

920.0m1.9b2.8b1.1b2.2b3.2b942.0m1.9b2.8b

Cash From Operating Activities

630.0m2.0b4.2b1.2b2.4b3.5b(216.0m)339.0m817.0m

Capital Expenditures

(348.0m)(855.0m)(1.4b)(493.0m)(1.1b)(1.8b)(465.0m)(1.1b)(1.5b)

Cash From Investing Activities

(319.0m)(825.0m)(1.3b)(661.0m)(1.9b)(2.6b)(525.0m)(1.0b)(1.5b)
SEKFY, 2017

Revenue/Employee

4.4m

Debt/Equity

0.3 x

Debt/Assets

0.2 x

Financial Leverage

1.6 x
Show all financial metrics

SSAB Operating Metrics

FY, 2017FY, 2018FY, 2019

Countries

505050

Suppliers

20 k20 k20 k

Special Steels Output, tonnes

1.2 m1.3 m1.2 m

Automotive Premium Steels Output, tonnes

537 k562 k587 k
Show all operating metrics

SSAB Acquisitions / Subsidiaries

Company NameDateDeal Size
Abraservice HoldingNovember 30, 2019
JL Steel LtdJune 30, 2016
Rautaruukki CorporationJuly 30, 2014
G&G Mining Fabrication Pty LtdJune 30, 2014
E.M. Eriksson Steel Service Center ABFebruary 29, 2012
Hard Wear IncSeptember 30, 2011
Tibnor ABMay 24, 2011
ipsco incJuly 30, 2007
Steinwalls Plat ABMay 30, 2007
Abraservice Belgium SA
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SSAB Revenue Breakdown

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SSAB revenue breakdown by business segment: 7.8% from Ruukki Construction, 11.0% from Tibnor, 20.9% from SSAB Americas, 38.1% from SSAB Europe and 22.2% from SSAB Special Steels

SSAB revenue breakdown by geographic segment: 20.7% from Other EU-28, 5.2% from Germany, 10.8% from Finland, 27.9% from USA, 7.7% from Rest of the world, 15.1% from Sweden and 12.7% from Other

SSAB Cybersecurity Score

Cybersecurity ratingPremium dataset

D

69/100

SecurityScorecard logo

SSAB Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

60-79

out of 100

CSRHub logo

SSAB Online and Social Media Presence

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SSAB News and Updates

SSAB launches a campaign about fossil-free steel

SSAB is launching a campaign about fossil-free steel focusing on hidden carbon footprints in every day life. The purpose is to create awareness that steel is everywhere and that SSAB has the solution for how to remove carbon emissions from steel making. The campaign will run in Sweden, Finland and t…

Industrivärden divests its shareholding in SSAB for SEK 2,019 million

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR IN ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.

Industrivärden contemplates to divest the shareholding in SSAB

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR IN ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.

SSAB pulls out of talks to buy Tata Steel's Dutch plant

Swedish firm SSAB today pulled out of talks to buy Tata Steel’s Dutch assets in a blow to the multinational The post SSAB pulls out of talks to buy Tata Steel's Dutch plant appeared first on CityAM.

SSAB to supply 6,000 tonnes of steel for photovoltaic solar parks in Angola

SSAB Borlänge and SSAB Arendal are to supply steel to build a number of photovoltaic solar parks in Angola. The plants will strengthen electricity supply in the country and help Angola to switch to renewables and reduce dependency on fossil fuels.read more

Tata Steel In Talks With Sweden’s SSAB To Sell Dutch Unit, Announces India Restructuring

When asked by Rakesh Jhunjhunwala why Tata Steel wasn’t shutting its U.K. business, the CEO said there is a huge cost involved.
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SSAB Frequently Asked Questions

  • When was SSAB founded?

    SSAB was founded in 1978.

  • Who are SSAB key executives?

    SSAB's key executives are Martin Lindqvist, Olavi Huhtala and Charles Schmitt.

  • How many employees does SSAB have?

    SSAB has 14,514 employees.

  • What is SSAB revenue?

    Latest SSAB annual revenue is kr76.5 b.

  • What is SSAB revenue per employee?

    Latest SSAB revenue per employee is kr5.3 m.

  • Who are SSAB competitors?

    Competitors of SSAB include Nanjing Iron & Steel, Magnitogorsk Iron and Steel Works and Salzgitter Group.

  • Where is SSAB headquarters?

    SSAB headquarters is located at Klarabergsviadukten 70, d6, Stockholm.

  • Where are SSAB offices?

    SSAB has offices in Stockholm, Moon Township, Buenos Aires, Woolloongabba and in 46 other locations.

  • How many offices does SSAB have?

    SSAB has 50 offices.