Steelmaker SSAB’s first quarter operating profit beats Reuters forecast

© Reuters.

STOCKHOLM (Reuters) – Swedish steelmaker SSAB on Monday reported quarterly operating profit above analysts’ expectations and said the recovery that began last fall had strengthened in the first quarter.

SSAB’s operating profit in the first quarter was 1.99 billion Swedish kronor ($ 237.6 million), up from 343 million in the last year’s quarter, and beating a profit of 1.30 billion seen by analysts according to data from Refinitiv.

($ 1 = SEK 8.3748)

Warning: Fusion Media reminds you that the data contained in this website is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and Forex prices are not provided by exchanges but rather by market makers, so prices may not be precise and may differ from the actual market price. , which means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media assumes no responsibility for any business losses that you may incur as a result of the use of this data.

Fusion Media or anyone involved with Fusion Media will accept no responsibility for any loss or damage resulting from reliance on any information, including data, quotes, graphics and buy / sell signals contained in this website. Be fully informed of the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investing possible.

About William G.

Check Also

Following Prosafe SE’s (OB:PRS) latest kr302m market cap drop, institutional owners may be forced to take tough action

To get an idea of ​​who actually controls Prosafe SE (OB:PRS), it is important to …