SSAB Ab (SSAB_A) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the presentation of the SSAB Q2 report. My name is Per Hillström. I'm Head of Investor Relations at SSAB. Presenting today, we have our President and CEO, Jonny Sjöström, and also our CFO, Lena Krejelius. And the agenda is that Jonny will start with an overview of the quarter and also a little bit update on the transformation. Lena will then present some further details on the financials. And at the end, Jonny will come back with the outlook. And then finally, we will have time for questions. So by that, please, Jonny, the floor is yours. Thank you very much, Per, and good morning. I will start by going through Q2 in brief. First of all, I just want to comment on our safety trend. We continue to show that we've implemented a new safety culture within SSAB and our safety performance shows that we have now implemented a new level of safety within the company. So I'm very, very pleased about that. And good job, all of you in the organization that's been working on this. Now, going over to the financial performance, we can see that our operating result was significantly higher than Q1 2025. So we ended up roughly 2.1 billion in EBIT for the quarter. I think one of the highlights is that we were able to sell more of the advanced high-strength steel to the automotive segment. It was a record level, primarily sold from SSAB Europe, so that is a good performance by them. As you know, the tariffs have been on everyone's lips and have been a topic for some time. I think it's worthwhile to remind us about our position in the United States. We have two large production facilities in the United States and we have a very good market position in the American plate market. We can produce roughly 2.4 million tons. Now, when the tariffs are at 50 percent, t...