Sweden's SSAB misses Q2 earnings forecast as tariff uncertainty weighs
Operating earnings fell to 2.14 billion Swedish crowns ($224.93 million) in the April-June quarter from 2.97 billion a year earlier. Analysts were expecting 2.29 billion crowns on average, a consensus poll, opens new tab provided by SSAB showed.
"The turbulence of tariffs and trade barriers resulted in increased uncertainty during the second quarter," CEO Johnny Sjostrom said in a statement, adding that the largest impact was seen in the weakening European steel market.
($1 = 9.5140 Swedish crowns)
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