Saab AB (publ) (SAAB_B) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to this presentation of the SSAB report for the first quarter of 2025. My name is Per Hillström. I'm head of investor relations at SSAB. And presenting today, we have our president and CEO, Jonny Sjöström, and also our CFO, Lena Krejelius. And if we go to the agenda... Could we, I'm just asking now the operator to please, if we can have the slides. Yes, thank you. And again, that for today, Jonny will start with the first quarter in brief. Lena then presents more details on the financials. And then Jonny comes back at the end with the outlook and the summary. And after that, we will open up for questions. So please, Jonny, the floor is yours. Thank you very much, Per, and good morning to all of you. I will start by going into the highlights of Q1. And within SSAB, safety is a priority, hence the reason why we always start with safety. Looking at our safety performance, it is on a good level, touch wood, and it continues to be a high focus area for all our employees. So that's a very strong highlight for the quarter. Now looking at the financial performance, looking at the operating results, we ended up on an expected level of 1.3 billion roughly. I think one of those highlights is actually Special Steel's performance. They bounce back when it comes to volumes, but at the same time, they're able to maintain prices all the way through Q4 last year, but also Q1 this year. We've also seen sort of a recovery on the American market, and I will get back to that later on in the presentation. The topic on everyone's lips right now is the tariffs. I think it's important for us to try to explain our production footprint. And we have roughly 2.4 million metric tons of production capacity in the United States. And we are a market leader when it comes to p...