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SSAB Corporation ( ($SE:SSAB.A) ) just unveiled an update.
The Swedish Financial Supervisory Authority (FI) has initiated a sanction evaluation regarding SSAB’s disclosure of a goodwill impairment reported in December 2022. SSAB maintains that the impairment was reported in accordance with guidelines, a stance supported by its auditors and external experts. This development could impact SSAB’s financial transparency and stakeholder trust.
The most recent analyst rating on ($SE:SSAB.A) stock is a Hold with a SEK59.00 price target. To see the full list of analyst forecasts on SSAB Corporation stock, see the SE:SSAB.A Stock Forecast page.
More about SSAB Corporation
SSAB is a Nordic and US-based steel company that focuses on creating a stronger, lighter, and more sustainable world through its value-added steel products and services. The company is known for developing SSAB Fossil-free™ steel and SSAB Zero™, which are aimed at reducing carbon emissions. SSAB operates in over 50 countries with production facilities in Sweden, Finland, and the US, and is listed on Nasdaq Stockholm with a secondary listing on Nasdaq Helsinki.
Average Trading Volume: 852,701
Technical Sentiment Signal: Hold
Current Market Cap: SEK53.15B
For a thorough assessment of SSAB.A stock, go to TipRanks’ Stock Analysis page.