News and Events

Ovako has decided to invest EUR 11 million in the production plant in Smedjebacken to meet the rising demand for high-quality steel. A new vacuum degassing facility will improve the properties of the steel and create new business opportunities in sectors such as the automotive industry.

- Sanyo Special Steel acquires Ovako

Nippon Steel & Sumitomo Metal Corporation (NSSMC), one of the largest steel producers in the world, today confirmed the closing of the acquisition of…

Today Ovako announced its result for the first quarter 2018. EBITDA before restructuring costs increased to EUR 41 (32) million. Revenue rose by 16 percent to EUR 271 (233) million and the sales volume rose by 6 percent to 216 (204) kton. Cash flow from operating activities amounted to EUR -4 (-3) million. In March, it was announced that Nippon Steel & Sumitomo Metal Corporation (NSSMC), one of the largest steel producers in the world, will be acquiring Ovako.

On Wednesday 25 April 2018, at 08:00 CET, Ovako Group AB will publish its first quarter 2018 report. Financial analysts and investors in Ovako's senior…

Nippon Steel & Sumitomo Metal Corporation signs agreement to acquire Ovako Group from Triton

Ovako publishes Annual Report for 2017 and presents updated strategy and new financial targets

Today Ovako announced its fourth quarter and full year results 2017. For the full year EBITDA before restructuring costs improved to EUR 100 (57) million and order intake grew by 24 percent compared to previous year. Ovako’s restructuring program is proceeding ahead of plan and has delivered savings of EUR 20 million on an annual basis. At the end of the year the group had a liquidity buffer of EUR 90 (88) million.