Swedish iron ore miner LKAB closed 2021 with operating profit at 130 percent up on the previous year, driven mainly by high iron ore prices. LKAB President& CEO Mr Jan Moström said “In 2021 we have delivered LKAB’s strongest earnings ever. As one of Sweden’s largest export companies we have strengthened the foundations for our important transformation and at the same time increased the dividend to our owner, the Swedish state.The delivery volume for the year amounted to 27.0 (28.5) million tonne and for the quarter to 6.8 (7.0) million tonne and was affected during the quarter by a somewhat lower production volume. Production volumes amounted to 26.7 (27.1) million tonne for the full year and 6.7 (6.8) million tonne for the quarter. This was mainly affected by extended maintenance shutdowns due to adjustments for corona in the springNet sales for 2021 increased by nearly SEK 15 billion to MSEK 48,812 (33,914). Operating profit also increased correspondingly, to a record MSEK 26,898 (11,654)Profit for the full year amounted to MSEK 22,604 (9,757) with operating cash flow at a historic high of MSEK 19,988 (6,038), mainly thanks to the strong earningsHistorically strong operating cash flow of SEK 20 billion puts the group in a stronger position to lead the climate transition of the iron and steel industry, while a dividend of SEK 12,4 billion is proposed for the group’s owner, the Swedish state.
Swedish iron ore miner LKAB closed 2021 with operating profit at 130 percent up on the previous year, driven mainly by high iron ore prices. LKAB President& CEO Mr Jan Moström said “In 2021 we have delivered LKAB’s strongest earnings ever. As one of Sweden’s largest export companies we have strengthened the foundations for our important transformation and at the same time increased the dividend to our owner, the Swedish state.The delivery volume for the year amounted to 27.0 (28.5) million tonne and for the quarter to 6.8 (7.0) million tonne and was affected during the quarter by a somewhat lower production volume. Production volumes amounted to 26.7 (27.1) million tonne for the full year and 6.7 (6.8) million tonne for the quarter. This was mainly affected by extended maintenance shutdowns due to adjustments for corona in the springNet sales for 2021 increased by nearly SEK 15 billion to MSEK 48,812 (33,914). Operating profit also increased correspondingly, to a record MSEK 26,898 (11,654)Profit for the full year amounted to MSEK 22,604 (9,757) with operating cash flow at a historic high of MSEK 19,988 (6,038), mainly thanks to the strong earningsHistorically strong operating cash flow of SEK 20 billion puts the group in a stronger position to lead the climate transition of the iron and steel industry, while a dividend of SEK 12,4 billion is proposed for the group’s owner, the Swedish state.
