SSAB Ab (SSAB_A) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to this presentation of the first quarter of the year for SSAB. My name is Per Hilstrom. I'm head of Investor Relations at SSAB. And presenting today, we have our president and CEO, Jonny Sjöström, and also CFO, Lena Klingelhus. And if we look at the agenda, we have the usual agenda. Again, we have Jonny starting with the first quarter in brief. Lena will then present more details on the financials. And then Jonny will come back without. And then we will also have good time for questions at the end. So by that, Jonny, the floor is yours. Thank you very much, Per, and good morning to all of you. I would start, like I always do, to go through the safety. We still have a rather good safety trend within SSAB. Our lost time injury frequency, which is a rolling 12 months, is at 0.49. But if you're looking at the year 2006, we have quite a good start, actually. So, a really good performance, I think, from the whole organization and the focus on the safety. is our main priority. And I will come back to the Luleå discussions at the end of this presentation. Now, looking at our financial performance, measured now as the EBITDA, we ended Q1 at 3.2 billion. It is a good and stable earnings. And what I'm happy about is the improvements both in Europe and in America. And we'll get back to that in the next coming slides. And, of course, Special Steel is still continuing to present a solid performance. And our net cash position, we have some seasonality, and I think that Dana might say something about that in her presentation, but we are at 9.6 billion right now. And like I said, normally in the first quarter, we have higher amounts of cash out than normal. But we have a strong balance sheet, and there is a proposal now to the board, o...