Interim Report January–March 2021: Record profit for the first quarter
LKAB delivered a record high operating profit for the first quarter with consistently high production in a continued favourable market. This positive development creates good conditions for the company’s transformational journey to a carbon-free operation.Net sales for the quarter were 52 percent higher than in the same period last year, and totalled MSEK 12,256 (8,044). Operating profit increased by 124 percent to a total of MSEK 7,153 (3,191), a historically high level for LKAB. While both net sales and operating profit were positively affected by high spot price levels for iron ore and