Year-end report 2020: high deliveries and prices result in strong earnings
With high delivery volumes and rising global iron ore prices, LKAB is reporting strong earnings both for the full year and the fourth quarter 2020.LKAB increased net sales for full-year 2020 by MSEK 2,654 to MSEK 33,914 (31,260), with higher delivery volumes offset by a lower dollar exchange rate. Operating profit amounted to MSEK 11,654 (11,788) and was also impacted by a higher cost level compared with the previous year, mainly due to the seismic event in the Kiruna mine in May and extended maintenance shutdowns because of measures associated with Covid-19. Increased investments for the