SSAB Ab (SSAB_A) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

CO2 allowances coming active in Q2. Also clearly higher cost for logistics, as already mentioned, and also some raw material costs were higher. The consumption cost is here taking into account and to remind that there is a lag in the purchase price and consumption cost. Ab Ab Ab Ab Ab Ab Fixed cost, typical seasonal development compared to quarters. And also here we have impact of salary index increase that we pay in Q2 onwards, but also retroactively for the first quarter. Of course, the summer workers also shown here to push up their fixed cost. And also the activity level was higher, so we had some higher IT and repair related cost. Ab Ab And then we have a look at the operating result this year compared to previous year. This year 2.7 and compared to previous year which was 2.1. Similar trend compared to previous year as was previous quarter. Positive impact from prices and volumes which were offsetting on total the variable and fixed cost increase and also positive from the higher activity level as capacity utilization is contributing positively Prices year-on-year on group level were 2% higher. And here we have opposite FX impact, so FX is impacting prices slightly negatively. But Europe division contributing 300, Americas 265, and Special Steel division plus 15. Ruki Construction in this analysis has a negative impact, but that's mainly due to a shifted business mix compared to previous year. Volumes, as already mentioned, 52 kilotons higher. Special steels contributing 220, Europe 120 and Americas 35. Ruki Construction also had higher volumes this year compared to previous year. Variable cost impact negative, but less than what it was quarter on quarter. In iron ore, the raw material consumption cost is actually lower this year compared to previous year. Howe...