Interim Report January–March 2023: Higher production and good market conditions
LKAB’s operating profit for the first quarter benefited from favourable market conditions with continued high iron ore prices and a strong dollar rate. Production of iron ore products increased during the quarter despite challenges involving the supply of crushed ore from the Kiruna mine. Operating profit for the quarter amounted to MSEK 5,186 and represents an operating margin of 43 percent.Net sales for the first quarter of the year amounted to MSEK 11,955 (11,976). Lower iron ore prices were partly offset by a higher dollar rate. Operating profit amounted to MSEK 5,186 (6,497) and was