News and Events

Ovako today announced that Ingalill Östman has joined the Board of Directors of Ovako Group AB.

Ovako has launched the M-Steel Calculator, a digital tool based on the company’s Steel Navigator platform, which guides customers in identifying the right machine settings based on steel properties and cutting tools. The M-Steel Calculator also allows customers to compare tool life and cutting speeds between M-Steel® from Ovako and conventional steel.

Today Ovako announced its result for the first quarter 2017. EBITDA before restructuring costs improved considerably to EUR 32 (18) million and order intake increased by 35 percent compared to previous year. Ovako’s restructuring has delivered savings of EUR 6 million during the quarter.

On Thursday 27 April 2017, at 08:00 CET, Ovako AB (publ) will publish its first quarter 2017 report. Financial analysts and investors in Ovako's senior…

Ovako AB (publ) today published its annual report for 2016. The annual report highlights Ovako’s operational and financial improvements, advances in…

In light of growing demand in most of Ovako’s customer segments, the company has decided to selectively increase the number of shifts at its steel and rolling mills, thereby increasing the utilization of production capacity.

Over the past ten years Ovako has invested around SEK 300 million in Hofors to address customer demand for heavier and larger rings. The new production process was inaugurated on February 16 by Gävleborg’s County Governor Per Bill and the President of Ovako in Hofors, Carl-Michael Raihle.

Today Ovako announced its fourth quarter and full year results 2016. For the full year, EBITDA before restructuring costs, improved to EUR 57 (48) million and order intake by 6 percent compared to previous year. Ovako’s restructuring program has delivered savings of EUR 23 million on an annual basis. At the end of the year the group had a liquidity buffer of EUR 88 (88) million.