SSAB — Regulatory Filings 2020

Apr 30, 2020

Ruukki Construction has completed the divestment of Building Systems

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.

"Our strategy is to pursue profitable growth in our product businesses Roofing and Building Envelopes. We're pleased to have found a new owner who is better positioned to develop Building Systems, which is of a project-type of business," says Sami Eronen, President of Ruukki Construction.

The business now being divested had sales of around SEK 1.5 billion in 2019 with a slightly positive operating profit.

Building Systems employs some 500 persons, who will transfer to the service of the new owner under their existing terms and conditions of employment.

For questions, please contact:

Media: Mia Widell, Press Relations Manager and Sustainability Communications, mia.widell@ssab.com, tel. +46 76 527 25 01

Investors and analysts: Per Hillström, Head of IR, per.hillstrom@ssab.com, tel. + 46 70 295 2912

SSAB is a Nordic and US-based steel company. SSAB offers value added products and services developed in close cooperation with its customers to create a stronger, lighter and more sustainable world. SSAB has employees in over 50 countries. SSAB has production facilities in Sweden, Finland and the US. SSAB is listed on Nasdaq Stockholm and has a secondary listing on Nasdaq Helsinki. www.ssab.com. Join us also on social media: Facebook, Instagram, LinkedIn, Twitter and YouTube.