SSAB stock lifts after Q2 sales beat forecasts
Published on 08/26/2026 at 21:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
SSAB stock (SE0000108656) is trading with a stronger tone after second-quarter net sales of SEK 27,489 million and EBITDA of SEK 3,778 million, both reported for the period ended June 30, 2026. The same post-earnings consensus update shows the average target price at SEK 107.69, with the shares at SEK 104.75 at 8:06 a.m. EDT on August 26, 2026.
Post-earnings revisions
The consensus update after the interim report says net sales in Q2 2026 were 2.6 percent above estimates and 7.2 percent above the same quarter last year, while EBITDA was 2.3 percent below estimates but 19.7 percent higher year over year. That is a clear split: revenue beat forecasts, while profit still improved sharply against June 2025.
The same update lifts next-year sales estimates to SEK 112,121 million from SEK 110,560 million and next-year EBITDA to SEK 17,148 million from SEK 16,794 million. It also shows the average recommendation at overweight and the average target price up 3.2 percent to SEK 107.69 from SEK 104.39 before the report.
Market tone stays firm
The quote page shows SSAB at SEK 104.75 in real time on August 26, 2026, with a 5-day change of 0.00 percent and a year-to-date gain of 49.99 percent. The same screen lists the stock in iron and steel, which keeps the current debate centered on pricing power and cycle sensitivity rather than on a broad market rerating.
That mix matters because the report-day decline of 2.0 percent has already been absorbed while the OMXS30 has risen 5.6 percent since July 22, 2026. For investors, the next question is whether the current earnings run rate can hold up against a higher bar for 2026 and 2027.
Steel and volume
SSAB's steel business remains the core driver, and the latest quarter showed how quickly revenue can move with pricing and volumes. Net sales of SEK 27,489 million and EBITDA of SEK 3,778 million frame the stock's current valuation discussion better than any long-term profile does.
The more interesting comparison is the jump in next-year EBITDA estimates to SEK 17,148 million. That implies analysts are leaning on better profitability even after trimming the current-year EBITDA view to SEK 14,009 million.
What the product mix says
SSAB's product range spans high-strength steel, wear plate and premium steel grades for transport, mining and construction customers. That mix helps explain why a cyclical materials name can still attract attention when consensus targets and profit estimates move higher after an interim report.
Share level to watch
SSAB shares trade at SEK 104.75 as of August 26, 2026, after the Q2 report-day dip and the subsequent recovery in broader Swedish equities. The stock is sitting just below the SEK 107.69 average target now embedded in the latest consensus update.
Fact box
Company: SSAB AB (publ)
ISIN: SE0000108656
Ticker: SSAB A / SSAB B
Exchange: Nasdaq Stockholm
Price (as of August 26, 2026, 8:06 a.m. EDT): SEK 104.75
Market cap: SEK 64.95 billion
Sector / Industry: Basic Materials / Iron & Steel
Index membership: OMX Stockholm 30
