SSAB’s Annual Report 2014 includes updated financial targets

SSAB will today publish its Annual Report 2014 in Swedish, English and Finnish
on the company’s website. At the same time, SSAB will also publish its
Sustainability Report 2014 in English. The Annual Report also presents SSAB’s
updated financial targets. The target for return on capital employed has been
replaced by the target to achieve industry-leading profitability measured as
EBITDA margin. There is only one balance sheet target, which is debt/equity
ratio. The dividend target remains unchanged.
Industry-leading profitability

In conjunction with SSAB’s Capital Markets Day in October 2014, SSAB presented
its overriding ambition to recapture its leading position as one of the most
profitable steel companies globally. Historically, SSAB has outperformed peer
competitors. SSAB is a highly-specialized steel company and well-placed to
strengthen profitability by capitalizing on the synergies from the acquisition
of Rautaruukki, by continuing to develop profitable operations in the US, and by
continuing to grow profitably through high-strength steels and value-added
services. The objective is for SSAB to achieve industry-leading profitability
(measured as EBITDA margin).

Dividend and capital structure
As earlier, our objective is to pay, over a business cycle, a dividend
constituting around 50% of profit after tax, taking into account the net
debt/equity ratio. Likewise, SSAB is keeping its objective as regards the
capital structure, where the goal is a long-term debt/equity ratio of around
30%. SSAB is striving to gradually reduce the current debt/equity ratio, and
thus continue to strengthen the balance sheet.

Distribution of the Annual Report 2014 and Sustainability Report 2014

SSAB’s Annual Report and Sustainability Report for 2014 are available from
today, March 16, on the company’s website www.ssab.com from where they may be
downloaded.

Hard copies of the Annual Report 2014 are available on request. You may order
hard copies of the report via the company’s website using the link below, by
emailing info@ssab.com or by telephoning +46 8 4545 700. Please note that the
Annual Report will not be sent out to shareholders automatically, irrespective
of whether they have earlier requested to receive the report.

http://www.ssab.com/sv/Investerare--Media/Investerare1/Bestall-rapporter-och
-pressmeddelanden/Bestallning-av-tryckta-rapporter/

For further information, please contact:
Andreas Koch, Head of Investor Relations, andreas.koch@ssab.com,
+46 8 4545 729
Liisa-Maija Seppänen, IR Manager, liisa-maija.seppanen@ssab.com,
+358 20 5939 232

This information is published by SSAB pursuant to the requirements of the
Finnish Securities Market Act and the Swedish Securities Market Act. Submitted
for publication at 10am CET, March 16, 2015.
SSAB is a Nordic and US-based steel company. SSAB offers value added products
and services developed in close cooperation with its customers to create a
stronger, lighter and more sustainable world. SSAB has employees in over 50
countries. SSAB has production facilities in Sweden, Finland and the US. SSAB is
listed on the NASDAQ OMX Nordic Exchange in Stockholm and has a secondary
listing on the NASDAQ OMX in Helsinki. www.ssab.com.