LKAB Reports 1.1 Billion Kronor
Photo: Oscar Olsson/TT

LKAB Reports 1.1 Billion Kronor Operating Profit for Q2 2025

The state-owned mining company LKAB reports an operating result of 1.1 billion kronor for the second quarter of 2025. The same period last year, the operating result was 2.7 billion kronor.

Net sales for the second quarter landed at 7.8 billion kronor, which can be compared to last year's figure of 9.8 billion.

LKAB writes in a press release that the result for the second quarter has been affected by external factors. In particular, uncertainty surrounding American tariffs is mentioned, which have had a strong effect on the market and lower iron ore prices and a weakened American dollar.

"We are heavily affected by the market's development and external factors. What we have to work with and where our focus lies, is with what we ourselves can influence and improve - our delivery reliability and production stability", says Jan Moström, CEO and Group CEO of LKAB, according to the press release.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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