The FX PostThe FX Post
    What's Hot

    Man charged in New York with 3-week kidnapping to try to steal Bitcoin

    May 30, 2025

    Goldman Sachs Expert Predicts Significant Gold Price Surge by 2026

    May 29, 2025

    Second suspect in New York bitcoin kidnapping surrenders to police

    May 28, 2025
    The FX Post The FX Post
    • Best Fx Robots
    • Forex
      • News
      • Forex 101
      • Forex Forecasts
      • Broker Reviews
    • Crypto
      • News
      • Crypto 101
      • Crypto Forecasts
      • Crypto Reviews
    • Indices
      • News
      • Analysis
      • Commodities
      • Reviews
    • Automated Trading
      • Forex Signals
      • Forex Robots
      • Copy Trading
    • Top
      • Best Forex Robots
    The FX PostThe FX Post
    Home » SSAB Reports Swing to Fourth-Quarter Net Profit
    News

    SSAB Reports Swing to Fourth-Quarter Net Profit

    January 30, 20242 Mins Read
    Facebook Twitter Pinterest LinkedIn Reddit
    Share
    Facebook Twitter LinkedIn Pinterest Reddit

    Swedish steelmaker SSAB has announced a swing to a net profit in the fourth quarter, following a substantial write-down in the previous year. However, the company also highlighted a weak market and lower prices which impacted sales.

    Solid Net Profit Growth

    SSAB reported a net profit of 1.90 billion Swedish kronor ($182.5 million) for Q4, compared to a loss of SEK29.99 billion in the same period last year. The previous year’s loss included impairment charges related to the acquisitions of Ipsco and Rautaruukki.

    Revenue Decline

    Revenue for the quarter stood at SEK26.47 billion, down from SEK30.14 billion in the previous year. The decline in revenue was attributed to lower prices in both Europe and the Americas.

    Operating Profit Recovery

    SSAB managed to turn things around in terms of operating profit, posting a significant improvement from a loss of SEK29.50 billion to a profit of SEK2.40 billion in the fourth quarter.

    Analyst Expectations

    According to consensus estimates provided by the company, analysts had expected SSAB to report an operating profit of SEK1.91 billion on revenue of SEK25.86 billion.

    Positive Outlook

    SSAB is optimistic about the future, expressing its expectation for a considerable increase in shipments of special steels in the first quarter compared to Q4. Additionally, they anticipate higher shipments in both Europe and the Americas.

    Markets are invaded by algorithms
    Secure your passive income with algo-based trading systems
    Learn more
    net profit operating profit Revenue Decline SSAB steel
    Share. Facebook Twitter Pinterest LinkedIn Reddit

    Related Posts

    Man charged in New York with 3-week kidnapping to try to steal Bitcoin

    May 30, 2025

    Goldman Sachs Expert Predicts Significant Gold Price Surge by 2026

    May 29, 2025

    Second suspect in New York bitcoin kidnapping surrenders to police

    May 28, 2025

    Apple to debut dedicated gaming app within days of Nintendo Switch 2’s arrival

    May 28, 2025
    Add A Comment

    Leave A Reply Cancel Reply

      +  86  =  95

    Best FX Post
    Best Forex Robots (Expert Advisors) 2021

    Best Forex Robots (Expert Advisors) 2022: Passive Income From Algo Trading Systems

    July 7, 2021

    Top 10 Lending Platforms for Crypto Loans

    June 1, 2022
    forex eurusd trading charts

    Top 10 Best Forex Brokers In All Times

    June 1, 2022
    Recent Posts
    • Man charged in New York with 3-week kidnapping to try to steal Bitcoin
    • Goldman Sachs Expert Predicts Significant Gold Price Surge by 2026
    • Second suspect in New York bitcoin kidnapping surrenders to police
    • Apple to debut dedicated gaming app within days of Nintendo Switch 2’s arrival
    • Satoshi Nakamoto, BlackRock, and TechBerry — a new investigation by Newsweek
    Featured Reviews

    Traders Connect Review

    May 18, 2023

    System Levels Review

    May 26, 2023
    TechBerry

    TechBerry Review: Pros, Cons, Recommendations

    September 18, 2021
    Categories
    • Analysis
    • Automated Trading
    • Best FX Post
    • Broker Reviews
    • Commodities
    • Copy Trading
    • Crypto
    • Crypto 101
    • Crypto Bots
    • Crypto Forecasts
    • Crypto Reviews
    • Crypto Robot
    • Forex
    • Forex 101
    • Forex Forecasts
    • Forex Robots
    • Forex Signals
    • Forex Signals
    • Guides
    • Indices
    • News
    • News
    • News
    • News
    • Reviews
    • Reviews
    • Uncategorized
    Twitter BlogLovin
    © 2025, Thefxpost.com.
    • Contact

    Type above and press Enter to search. Press Esc to cancel.