Swiss Steel Holding Ltd.

Latest Results (02.02.2026):

Swiss Steel Holding Ltd. — Q4 2024 (full‑year 2024): The company reported a challenging 2024 with reduced volumes and revenues amid weak end‑markets, while making material progress on balance‑sheet repair and strategic repositioning. Group figures in the annual report show net revenue of EUR 2,511.2m and EBITDA of EUR –35.5m; excluding Ascometal the company states sales volume down 5.1% y/y to 1,056 kt and revenue down 14.3% y/y to EUR 2,432m. The Group strengthened liquidity and equity via a capital increase (net proceeds EUR 287.8m), refinancing actions and cost/capacity measures, while advancing its Green Steel positioning and obtaining SBTi validation for decarbonization targets.

Revenue and volumes

Sales volume fell (–5.1% y/y on a pro‑forma/ex‑Ascometal basis) to 1,056 kilotons; reported group sales volume is shown as 1,113 kt. Net revenue was down materially year‑on‑year (reported EUR 2,511.2m; EUR 2,432m ex‑Ascometal, –14.3% y/y) reflecting weak demand in automotive and mechanical/plant engineering.

Profitability

EBITDA improved to EUR –35.5m (an improvement versus the prior year, noted as +65.3% vs PY in the report), but remained negative as market headwinds and restructuring costs continued to weigh on operating profit.

Balance sheet and liquidity

Net working capital reported at EUR 769.3m (–6.9% vs PY), net debt EUR 711.4m (–14.1% vs PY) and shareholders’ equity EUR 322.8m (+37.6% vs PY). A capital increase (net proceeds EUR 287.8m) and extension/refinancing of core financing to September 2028 were completed to stabilize funding.

Restructuring and cost actions

Capacity and cost adjustments were implemented in 2024, with a planned reduction of ~800 FTEs in early 2025 and a year‑end headcount reduction of 1,362 (–15.5%) to 7,450. The Group also continued portfolio simplification via divestments and consolidation of distribution activities.

Corporate and market actions

The company derecognized Ascometal from the consolidated scope after the latter sought court protection; shareholders approved a voluntary delisting from the SIX Swiss Exchange (target delisting date: 5 June 2025) with transfer to the LPZ‑X platform afterward. Management highlights focus on executing the SSG 2025 strategy and returning to growth as markets recover.

Sustainability and strategic positioning

Swiss Steel emphasizes its position as a large EAF (electric‑arc‑furnace) specialty‑steel producer and Green Steel leader: up to 81% lower carbon footprint vs. industry average (company statement). Its decarbonization targets were validated by SBTi; it also received EcoVadis Gold and an A‑level CDP Climate score. Product offerings include a Green Steel Climate+ option using renewable electricity. Summarized from source with an LLMView Source