Interim Report July–September 2019: LKAB remains stable in a volatile market
In the third quarter net sales increased to MSEK 7,751 (6,594) compared with the same period last year and operating profit strengthened to MSEK 3,135 (2,477). The quarter was characterised by high and stable production, while a slowdown in the market led to lower delivery volumes and volatile iron ore prices.Sales for the first nine months increased by 28 percent compared with the previous year and operating profit was boosted to MSEK 9,764 (4,969), representing an increase of 96 percent. The improved earnings are mainly a result of higher iron ore prices and a stronger dollar exchange