Interim Report January – March 2020: Strong operating profit despite an uncertain world
Stable production and high deliveries strengthened LKAB’s operating profit during the first quarter. Moving forward, however, the market is characterized by great uncertainty concerning the effects of the corona pandemic.Net sales for the first quarter amounted to MSEK 8,044 (7,329), which is a 10 percent increase, while operating profit increased to MSEK 3,191 (2,506). The improvement is primarily a result of stable production and increased deliveries. Lower prices for highly upgraded iron ore products had a negative effect, primarily due to lower pellet premiums. Profit for the period was