Report for the First Three Quarters of 2007

Report for the First Three Quarters of 2007

The quarter
•	Sales during the third quarter amounted to SEK 13,686 (7,020) million, of
which SEK 5,838 million derive from IPSCO.        

•	Profit (EBITDA) amounted to SEK 1,946 (1,366) million and, excluding
non-recurring items, to SEK 2,956 (1,289) million. Operating profit amounted to
SEK 1,255 (1,127) million and, excluding non-recurring items, to SEK 2,265
(1,050) million. Profit after financial items amounted to SEK 497 (1,119)
million and, excluding non-recurring items, to SEK 1,768 (1,042) million. The
profit for the third quarter includes non-recurring items of SEK -1,271 (77)
million, which were previously reported in the prospectus for SSAB's new issue. 

9 months
•	Sales increased by 39% to SEK 31,565 (22,738) million, of which SEK 5,838
million (26 percentage points) of the increase was due to the acquisition of
IPSCO.

•	Operating profit increased by SEK 784 million to SEK 5,249 (4,465) million.
Excluding non-recurring items of SEK -972 (77) million, operating profit
amounted to SEK 6,221 (4,388) million.                                      

•	Profit after financial items increased by SEK 55 million to SEK 4,508 (4,453)
million. Excluding non-recurring items of SEK -1,233 (77) million, profit
amounted to SEK 5,741 (4,376) million.  Profit after tax amounted to SEK 3,293
(3,169) million, entailing earnings per share of SEK 11.17 (10.63).          

•	Return on capital employed for the most recent twelve-month period was 23% and
return on equity was 25%. 

•	Cash flow from current operations for the quarter amounted to SEK 986 (932)
million and, for the first three quarters, to SEK 2,866 (3,148) million. 

•	On July 18, all shares in the North American steel company, IPSCO, were
acquired for just over USD 7.5 billion. IPSCO is reported as a separate division
in the SSAB Group. 

•	A new issue with pre-emption rights for existing shareholders was carried out
during the quarter whereupon SEK 10 billion in equity was raised. 

•	The Swedish steel operations' deliveries of the core niche products, quenched
and advanced high-strength steels, increased during the third quarter by 20%
compared with last year, and so far this year have increased by 14%. In total,
the core niche products accounted for 44% of deliveries from the Swedish steel
operations.

Head of Investor Relations
Stefan Lundewall
+46 (0)8 45 45 725
+46 (0)70 508 28 57

Communications Director
Helena Stålnert
+46 (0)8 45 45 734