SSAB Ab (SSAB_A) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, to this presentation of the SSAB Q4 report. My name is Per Hillström. I'm head of IR at SSAB. And presenting today, we have our president and CEO, Jonny Sjöström, and CFO, Lena Kralius. And if we look at the agenda, Jonny will start with an overview of the year and the quarter. Then Lena will cover the financials more in detail. And then Johnny at closing with the outlook and the summary. And at the end, we will have good time for questions. So by that, the floor is yours, Johnny. Thank you very much, Per. And good morning to all of you. I will start by going through the summary of 2025. First of all, if you look at our safety performance during 2025, we can see that we had, again, an improvement in our lost time injury frequencies. We came down to the level of 0.56, which is, according to me, a good achievement. I think also I want to point out that the total recordable also reduced, and that's also a a work that we've been focusing on for quite some time. Now, going over to the revenues, the revenues were slightly lower than they were Last year, if we look at the full year outcome, then again, the market has been weak. So it's understandable. There's been a lot of turbulence related to the geopolitical situation, tariffs, et cetera, that has created a lot of uncertainties. Hence, one of the reasons why we ended up on a slightly lower revenue level. Then if you look at the operating result, we came out on 6.1%. billion Swedish kronor for the full year. I think that even though the market has been very weak, first of all, we have a very strong geographical diversification with significant production in the United States as well as Europe. But also I think that our premium strategy, selling unique products, generating unique custome...