Year-end report 2021: Record profits in a favourable market
LKAB sums up 2021 with operating profit at 130 percent up on the previous year, driven mainly by high iron ore prices. Historically 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.Net 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