SSAB: Weak Earnings and Reduced Dividend

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SSAB: Weak Earnings and Reduced Dividend
Photo: Henrik Montgomery/TT

The steel concern SSAB made an operating profit of 487 million kronor for the fourth quarter, a significant decrease compared to the profit of 2,400 million kronor for the same period in 2023.

Revenues fell to 23.6 billion kronor, from 26.5 billion a year earlier.

The board proposes that the dividend to shareholders be capped at 2.60 kronor per share, down from 5.00 kronor the previous year.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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