Jonas Bergstrand has been General Counsel and a member of SSAB's Group Executive Committee since 2006. In the meantime, he has also held several other important responsibilities at SSAB including strategy, purchasing and M&A.
Saab today announces new medium-term financial targets for the period 2023-2027. These medium-term targets replace Saab’s long-term targets on sales growth and operating income. The new targets are provided on the back of improved growth opportunities from increased market demand and Saab’s significant order backlog
Saab’s medium-term targets for the period 2023-2027 are the following:
Lars Tossman has been appointed Head of Saab’s business area Aeronautics. Mats Wicksell will assume the position as Head of business area Kockums and will become a new member of Saab’s Group Management team. Jonas Hjelm will take on a new position within the Group Management team as Head of the newly established group function, Government Affairs. These changes will take effect on 1 March 2023.
Baffinland Iron Mines Corporation (“Baffinland“) and Salzgitter Flachstahl GmbH – a subsidiary of Salzgitter AG – are strengthening their cooperation by signing a Memorandum of Understanding (MoU) to investigate the use of Nunavut high-grade iron ore in low carbon steel production.
The CEA at INES has produced a demonstrator panel with a carbon footprint of 317 kgCO2eq/kWp. This achievement, which incorporates several innovations, makes our laboratories among the leaders in Europe.
The photovoltaic industry is fast becoming one of the major sources of energy, the most widely deployed on the planet today. Further reducing its environmental impact is now a competitiveness driver for the industry, as well as an essential innovation axis to maintain the sector's growth rate and better meet societal challenges.
Martin Wellhoeffer succeeds Wilhelm Emperhoff, who is to retire on April 30, 2023.
Wellhoeffer, currently EVP Sales of the Group, will head the Mechatronics and Electronics business unit as Management Board Member from May 1, 2023.
Supervisory Board Chairman Prof. Dr. Heinz K. Junker: “The Mechatronics and Electronics business unit is playing a key role in the Group’s transformation to e-mobility.”
Dr.-Ing. Roger Busch is to be the new EVP Sales of the Group.
Revenues of $23.0 billion, a new all-time record
Net income of $1.4 billion
Adjusted EBITDA1 of $3.2 billion
Operating cash flow of $2.4 billion
Combined debt and net pension/OPEB liabilities reduced by over $3 billion
CLEVELAND--(BUSINESS WIRE)-- Cleveland-Cliffs Inc. (NYSE: CLF) today reported full-year and fourth-quarter results for the period ended December 31, 2022.
Full-Year Consolidated Results
Full-year 2022 consolidated revenues were $23.0 billion, compared to the prior year's consolidated revenues of $20.4 billion.
Wall Street is divided on the big question hanging over the market: Will the U.S. economy narrowly avoid recession or plunge into a messy downturn?
Bond yields, which have been on the rise over the past week, indicate tough times ahead. Meanwhile, the impressive rally in stocks through the first six weeks of 2023 signals the opposite — that equity investors are feeling confident.
Tuesday’s Consumer Price Index reading will go a long way toward settling which camp is on the right track.
Latin America’s economies held up well last year despite the shocks from Russia’s invasion of Ukraine and global interest rate hikes. In 2022, the region’s economy expanded by nearly 4 percent, employment recovered strongly, and the service sector rebounded from the damage caused by the pandemic.
