LKAB reports a profit before tax of SEK 3.2 billion for the fourth quarter of last year: This can be compared with SEK 3.9 billion during the corresponding quarter a year earlier.

Net sales over 9 billion

Net sales were stable at SEK 9.1 billion.

"The production volume for the fourth quarter was affected by production disruptions and by increased maintenance stoppages linked to corona adjustments during the spring, but was nevertheless on a par with the previous year and amounted to 6.7 million tonnes," LKAB writes in the report.

Just over doubling the profit

During the fourth quarter of 2020, the volume was 6.8 million tonnes.

For the full year, the profit before tax more than doubled to SEK 28.4 billion, compared with SEK 12.4 billion a year earlier.

The board, with the former prime minister Göran Persson as chairman, proposes a dividend to the state of SEK 12.4 billion.

Iron ore prices remain high

In its prospects for 2022, LKAB writes that demand for highly processed iron ore products remains good.

"The iron ore price and premiums are at a continued high level during the beginning of 2022," writes LKAB.

The mining giant flags that it follows the development of the pandemic and that it is ready to adapt its operations if necessary.

At the same time, the work of producing iron sponges for customers who manufacture fossil-free steel continues.

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Hear SVT's financial expert on LKAB's significance for the Swedish economy Photo: SVT