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 Ratings3.8

Latest Updates

Employees (est.) (Dec 2019)14,514(+2%)
Job Openings44
Revenue (FY, 2019)KR76.5 B(+3%)
Share Price (Nov 2020)KR26.9
Cybersecurity ratingCMore

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 (17-Nov-2020)

45.2b

Closing stock price (17-Nov-2020)

26.9

Cash (30-Sept-2020)

5.4b

EV

58.8b
SSAB's current market capitalization is kr45.2 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
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SSAB Operating Metrics

FY, 2017FY, 2018FY, 2019

Countries

50 50 50

Suppliers

20 k20 k20 k

Special Steels Output, tonnes

1.20 m1.30 m1.20 m

Automotive Premium Steels Output, tonnes

537 k562 k587 k
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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

C

74/100

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

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.

Dow Jones Newswires: Swedish steelmaker SSAB swings to bigger-than-expected loss

Swedish steelmaker SSAB AB said Tuesday that it swung to a fourth-quarter net loss as a weaker market saw stock adjustments in Europe, while strikes in Finland and lower prices in its Americas operation all weighed on the result.

Welding consumables and machine tools now available for online order from SSAB

As part of its total workshop solution, SSAB is now making its product range of quality steel welding consumables and machine tools available to SSAB customers in Europe. This made-to-match range is specially designed to simplify welding and machining high-strength steels like Hardox® wear plate. Th…

Steel Piles from Ssab Help Port of GdańSk to Jump up on the Podium

A new combi wall at the Port of Gdańsk, Poland, begun in February 2019, will result in a new wharf by 2020 that will be 1,220 meters (4,000 feet) long. The most important part of the wharf, the steel piles, came from SSAB.­ read more

SSAB Europes Hameenlinna Tube Mill investment progresses warehouse extension at rooftop height

Last October, SSAB Europe announced it was to modernize the production lines at the Hämeenlinna Tube Mill in Finland as part of the restructuring of its tube production operations. The around SEK 300 million investment in the Hämeenlinna Tube Mill has progressed to the stage where the warehouse ex…

SSAB showcases productivity apps at Bauma Munich 2019

SSAB is presenting a variety of free apps this year at Bauma Munich that can help customers become more productive. The apps are available on the App Store and Google Play. They help customers do the math and add up the savings when using SSAB’s high-strength steels Hardox® wear plate and Strenx® pe…
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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.