Ruukki Construction has today completed the divestment of its Building Systems business to Donges Group, which is fully owned by the German-based investment company Mutares. After the divestment Ruukki Construction will focus on profitable growth in its product businesses within Roofing and Building Envelopes businesses.

SSAB invites you to a presentation of the quarterly report at 9.30am CEST on Monday April 27, 2020. Due to the prevailing Covid-19 situation, the briefing will take place by conference call that will also be webcast on SSAB's website. The report is scheduled for publication at 7.30am CEST on the same date.

The interim report for the first quarter of 2020 will be presented by SSAB's President and CEO Martin Lindqvist, and CFO Håkan Folin. The briefing will be held in English and it will also be possible to participate via telephone.

SSAB's annual general meeting (AGM) was held today, April 1, 2020, in Stockholm. The AGM resolved that no dividend will be paid for the financial year 2019.

Adoption of income statement and balance sheet

The AGM adopted the income statement and balance sheet as well as the consolidated income statement and consolidated balance sheet.

Allocation of result

The AGM resolved that no dividend will be paid for the financial year 2019.

Discharge from liability

SSAB has decided to initiate employer-employee negotiations concerning temporary layoffs in its Finnish operations following weakened market conditions as a result of the Covid-19 pandemic. The negotiations apply to SSAB Group's personnel in Finland, excluding subsidiaries Ruukki Construction and Tibnor.

The exact number of employees affected as well as the lengths of the temporary lay-offs will be decided in the negotiations. Any temporary layoffs would begin in week 16 at the earliest.