During the first three months of this year, the business has largely proceeded according to expectations. However, the outlook is uncertain. This is due to the spread of Covid-19 and its effects on global industrial production and on the economy in general.
SSAB has a strong balance sheet and a historically low net debt to equity-ratio, and has also secured a solid preparedness in terms of liquidity. In view of the increased economic uncertainty, the Board believes that it is motivated to withdraw the dividend proposal as a precautionary measure and propose that no dividend will be paid for the financial year 2019.