Year-end Report 2023: Profits strong but continued challenges ahead
LKAB ends 2023 with another strong quarter and is presenting operating profit for the full year of SEK 16 billion, representing an operating margin of nearly 40 percent. Higher production was offset, however, by lower deliveries due to challenges involving capacity on the Ore Railway.Net sales for the full year amounted to MSEK 42,923 (46,543). Lower pellet premiums and lower delivery volumes were partially offset by a weaker Swedish krona. Operating profit for the full year was also negatively impacted by higher costs as a result of lengthy scheduled maintenance shutdowns, measures to