Year-end Report 2022: Profits strong but continued uncertainty going forward
LKAB is reporting operating profit for full year 2022 of nearly SEK 21 billion, representing an operating margin of 45 percent. This despite increased costs from factors such as higher energy prices and disruptions in production.Net sales for full year 2022 amounted to MSEK 46,543 (48,812) and were impacted mainly by lower prices for highly upgraded iron ore products and lower delivery volumes; these were offset, however, by a strong dollar exchange rate. For the fourth quarter net sales amounted to MSEK 9,949 (9,064), with a higher dollar rate compensating for lower delivery volumes.