LKAB improved its results

This is shown in the interim report presented on Thursday.

Operating profit in the first quarter of this year amounted to SEK 3.6 billion, compared with SEK 1.4 billion in the same period last year. An improvement of about SEK 2.3 billion.

The difference is due to the derailments on the Malmbanan railway line last winter when deliveries were hindered for several months. This year, both production and deliveries have been much higher.

The effects of the derailments are shown by the fact that net sales in the first quarter of last year amounted to SEK 5.5 billion, while this year they rose to SEK 9.6 billion.

The iron ore price was lower this year, 104 dollars per ton, compared to 124 dollars per ton last year.

“We are affected by a world that is difficult to assess, marked by significant uncertainty in trade flows and security policy tensions, which have temporarily overshadowed the focus on the climate. However, the things that we can actually impact – our production, costs and plant stability – are managed well and with quality. This is continuous work without shortcuts, and now we can clearly see our efforts having an effect,” says Jan Moström, President and CEO of LKAB.

At Thursday's Annual General Meeting in Luleå, it was decided to pay a dividend of SEK 4.4 billion to the owner, the Swedish state. The entire Board was re-elected: Anders Borg (Chairman), Carina Andersson, Alrik Danielson, Catrin Fransson, Eva Hamilton, Bjarne Moltke Hansen, Kerstin Konradsson, Lotta Mellström and Per-Olof Wedin.

Lennart Håkansson

editor@northswedenbusiness.com