SSAB B’s Latest Financial Outlook and Market Reaction

The Swedish steelmaker SSAB B (publ) is expected to release its December 31 2025 quarterly results on 28 January 2026. Early consensus estimates from eleven analysts project earnings per share (EPS) of 0.492 SEK, representing a modest 2.5 % rise over the 0.480 SEK reported in the corresponding quarter of the previous year. Analysts also foresee a 4.66 % decline in revenue to 22.51 billion SEK, down from 23.62 billion SEK a year earlier.

For the full fiscal year, the consensus EPS is 4.91 SEK, compared with 6.54 SEK recorded in the same period a year prior, while revenue is expected to fall to 96.90 billion SEK from 103.45 billion SEK previously. These figures indicate that, while the company maintains solid profitability, it is confronting a moderate contraction in top‑line growth, likely reflecting broader market pressures within the materials sector.

Analyst Target‑Price Adjustments

Two prominent European banks have recently revisited SSAB’s valuation metrics.

  • Deutsche Bank has raised its target price to 67 SEK (previously 60 SEK) and reiterated its “hold” recommendation.
  • DNB Carnegie has pushed its target price even higher, to 90 SEK (from 69 SEK), maintaining a “buy” stance.

These upward revisions underscore confidence in SSAB’s long‑term value proposition, particularly its diversified product portfolio spanning wear steels, structural steels, and high‑performance alloys marketed under brands such as Hardox, Docol, and GreenCoat.

Market Performance

SSAB B has already broken a new 52‑week high on the Swedish Stock Exchange, reaching 75.82 SEK on 9 January 2026, up from 74.98 SEK the day before. This milestone places the shares among the 15 stocks that have set record highs during the trading session, reflecting investor optimism amid the recent analyst upgrades.

Contextualizing the Numbers

The company’s earnings outlook reflects the dual challenge of sustaining margins while navigating a tightening demand environment across its key customer bases—heavy transport, construction, automotive, and industrial machinery. SSAB’s broad geographic reach, with segments in Europe, the Americas, and the Asia‑Pacific, provides a buffer against regional downturns. Moreover, its extensive services portfolio—including prefabrication, engineering, and value‑added manufacturing—adds resilience to its core steel production activities.

In sum, SSAB B’s forthcoming quarterly disclosures are anticipated to reaffirm the company’s solid earnings base, albeit with a modest revenue contraction. The recent target‑price upgrades by major banks and the achievement of a new 52‑week high suggest that market participants remain confident in the firm’s strategic positioning and long‑term growth prospects.