A summary of the financial results for Swedish steelmaker SSAB for the fourth quarter and full year of its financial year in 2019.
In brief Earnings drop on planned maintenance, lower shipments and strikes as well as weaker demand and pressured steel prices.SSAB GroupFourth-quarter 2019 results Loss before interest and taxes1.31 billion Swedish krona ($117.4 million), down from earnings before interest and taxes (Ebit) of 1.035 billion krona in 2018.Sales16.97 billion krona, down from 19.25 billion krona in the fourth quarter of 2018.Planned maintenance costs850 million kronaFull-year 2019Sales up on higher prices despite lower shipments. Ebit 2.16 billion krona in 2019, down from 5.18 billion krona in 2018, mainly attributable to SSAB EuropeSales76.485 billion krona in 2019, up 2% from 74.94 billion krona in 2018Shipments6,560,000 tonnes in 2019, down from 6,899,000 tonnes in 2018SSAB Europe fourth-quarter resultsProduction was adjusted due to lower demand,...