Interim Report July–September 2018: Strong earnings in favourable market conditions
The market continues to place a premium on high-quality iron ore products, and demand remains high. Sales increased in the third quarter and operating profit improved by 37 percent compared with the same period last year. However, operations were affected by both a stoppage at the processing plant in Svappavaara and disruption on the Ore Railway.Production in the third quarter amounted to 6.8 (6.5) Mt and deliveries to 6.9 (7.1) Mt. Net sales increased to MSEK 6,594 (5,958), while operating profit totalled MSEK 2,477 (1,808). This is an increase of 37 percent – mainly due to higher market