SSAB’s revised financial targets

• Profitability – Industry leading EBITDA margin compared to peers* (unchanged)
• Capital structure – Net gearing ratio between -20% to 20%. (Net Debt to Equity) (earlier: the net debt/equity ratio will not normally exceed 35%)
• Dividend – Dividend 40% of profit after tax (earlier: 30-50% of profit after tax)
• Before determining the yearly dividend proposals and capital structure adjustments the management and board of directors will evaluate the capital needs for the coming years based on market outlook, capex plans and other considerations

* ArcelorMittal, Nucor, Salzgitter, Tata Steel Europe, ThyssenKrupp and US Steel