Results for 2007

Results for 2007

The Quarter
•	Sales during the fourth quarter amounted to SEK 16,086 (8,316) million
•	Profit after financial items amounted to SEK 1,923 (1,585) million. Excluding
non-recurring items profit was SEK 2,124 (1,498) million
The full year of 2007
•	Sales increased by 53% to SEK 47,651 (31,054) million 
•	Operating profit was SEK 8,061 (5,951) million. Excluding non-recurring items
of SEK -922 (164) million, operating profit was SEK 8,983 (5,787) million. 
•	Profit after financial items amounted to SEK 6,399 (5,949) million. Excluding
non-recurring items profit was SEK 7,833 (5,785) million, an increase of 35%. 
•	Profit after tax was SEK 4,685 (4,341) million, entailing earnings per share
of SEK 15.45 (14.66).  
•	Proposal that the dividend per share be increased to SEK 5.00 (4.50), equal to
SEK 1,620 (1,166) million. 
The CEO's comments:
SSAB's earnings for the full year of 2007 were the highest in the company's
history. The acquisition of IPSCO has gone well both financially and
operationally, and in line with the objectives reported at the time of the
acquisition. The acquisition of IPSCO has negatively affected the result with
SEK -829 million, due to significant non-recurring items. During the fourth
quarter IPSCO made a positive contribution to the result of the Group and the
non-recurring items that have affected the Group are now behind us. 
By the end of the year, we have now almost refinanced all the loans that were
taken up in connection with the acquisition. This has resulted in lower interest
expenses and longer terms until maturity. 
From an organizational perspective, IPSCO is now integrated into the business
and the work on achieving the synergies we foresaw is proceeding according to
plan. Extensive technical cooperation has been established and, on the marketing
side, active work is taking place on harmonizing our sales. The acquisition
creates conditions for continued strong development of our niche products. 
The steel market has been strong during the year, and this is particularly the
case as regards demand for our niche products. The trend in our important
customer segments, such as mining, energy and the transport sectors has been
extremely good. For us, growth depends not only on a generally strong steel
market but also on the customers' willingness to move from standard products to
more advanced steels within our niches. 
I remain optimistic regarding the steel market in 2008 in general and as regards
our niche products in particular. Increased environmental demands as well as
demands for reduced energy consumption, particularly within the transport
sector, will drive demand for our high-strength steels since these contribute to
reduced emissions and lower energy consumption. 
Olof Faxander, President and CEO 

A press and analysts briefing will be at 13:30 p.m. CET, at World Trade Center
(WTC), Kungsbron 1, Conference room Manhattan. A press and analysts webcast will
follow at 16:30 CET. The report will be presented by President and CEO Olof
Faxander and CFO Martin Lindqvist. Instructions how to participate in the
webcast will be available on our website www.ssab.com. If you want to
participate in the webcast via telephone, please dial the following numbers: +46
(0) 8 506 269 04 (Sweden), + 44 (0) 207 750 99 50 (UK), + 1 866 676 58 70 (USA).



For further information, please contact: 
Helena Stålnert, Executive Vice President, Communications 		Phone:+46 8 45 45
734  
Martin Lindqvist, CFO and Executive Vice President, Finance		Phone: +46 8 45 45
732
Heidi Wendt, Media relations 					Phone: +46 8 45 45 756 

SSAB, a global niche producer of high strength steel with a leading market
position and productivity, develops solutions in order to increase the
competitiveness of its customers.