Interim Report January–March 2024: Profits significantly down due to derailments on the Iron Ore Line
Operating profit for the first quarter 2024 was down by SEK 3.8 billion and amounted to SEK 1.4 billion. This was a result of the stoppage on the Iron Ore Line, which prevented deliveries from being made. Consequently, operating cash flow was negative during the quarter at SEK -1.5 billion.The derailments on the Iron Ore Line had very major effects on results for the first quarter. Net sales more than halved compared with the same period last year, amounting to MSEK 5,471 (11,955), while operating profit fell to MSEK 1,370 (5,186). The deterioration in earnings meant that cash flow was