DNB Carnegie raises target for SSAB stock to SEK 110
Published on 10/06/2026 at 09:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
SSAB (ISIN SE0000171100) was trading at EUR 9.26 at Lang & Schwarz on October 6, 2026 at 9:37 a.m. CEST, up 1.54 percent versus the prior close of EUR 9.12. On October 6, 2026, DNB Carnegie raised its target for SSAB from SEK 100.00 to SEK 110.00 and repeated a Hold rating, as Affärsvärlden reported.
The target move meets stronger results
The revised SEK 110.00 target stands 7.63 percent above the SEK 102.20 SSAB A quote shown by Affärsvärlden on October 6, 2026. The gap is narrower than the broader analyst median, which makes the DNB Carnegie update constructive but still restrained by its Hold stance.
SSAB generated SEK 27.49 billion of revenue in the second quarter of 2026, up 8.50 percent from SEK 25.63 billion in the second quarter of 2025, according to Affärsvärlden. Operating profit increased from SEK 2.14 billion to SEK 2.70 billion, while the operating margin rose from 8.30 percent to 9.80 percent.
Margins improved in the second quarter
The operating-profit increase was 25.93 percent year over year, calculated from the reported quarterly figures. That combination of higher revenue and a 1.50 percentage-point margin improvement gives the October target increase a clearer earnings backdrop.
SSAB's latest interim figures also show net income of SEK 2.08 billion in the second quarter of 2026, compared with SEK 1.86 billion in the second quarter of 2025. Net debt stood at SEK 10.86 billion at June 30, 2026, according to Affärsvärlden.
Consensus remains above DNB Carnegie
TargetWatch listed a median target of SEK 117.50 from 14 houses and a latest target of SEK 124.00 from Arctic on September 22, 2026. The median is 6.82 percent above DNB Carnegie's new target, showing that the October 6 revision remains below the wider published analyst range.
SSAB is due to publish its next interim report on October 28, 2026, according to Affärsvärlden. That date gives the next scheduled checkpoint for whether the improved second-quarter margin can continue.
SSAB stock gains in morning trading
At Lang & Schwarz, SSAB stock was trading at EUR 9.26 on October 6, 2026 at 9:37 a.m. CEST, up 1.54 percent versus the prior close of EUR 9.12. The further course of trading is shown by the continuously updated real-time quote of SSAB stock.
SSAB stock facts
- Company: SSAB AB (publ)
- ISIN: SE0000171100
- Primary exchange: Nasdaq Stockholm and Nasdaq Helsinki
- Price Lang & Schwarz (as of October 6, 2026, 9:37 a.m. CEST): EUR 9.26
- Change versus prior close: plus 1.54 percent
- Prior close Lang & Schwarz (October 5, 2026): EUR 9.12
- Market capitalization: SEK 100.9 billion (as of October 6, 2026)
- Sector / Industry: Basic Materials / Steel
- Next earnings date: October 28, 2026
