We create competitive advantages through innovation
Sales of SEK 33 billion in 2024.
Operating profit reported for the financial year 2024.
SEK 4.4 billion in proposed dividend for the owner, the Swedish state.
External factors
Geopolitics, regulatory conditions, the infrastructure in Sweden and the needs of the local communities are important external factors that govern LKAB’s operations.
Market
The iron and steel industry is facing significant changes, with requirements to reduce greenhouse gas emissions, increased geopolitical uncertainty and lower steel consumption in China.
Strategic direction
Since its inception over 130 years ago, LKAB has through innovation streamlined the production of iron ore products and, step by step, increased the value added by processing in order to remain competitive in the market.
Sustainability
Our strategic goals for sustainable value creation for the period 2022–2030 support the vision of leading the transformation of our industry towards a sustainable future.
Our success is built on our committed and knowledgeable employees. With a strong corporate culture and innovative working methods, we ensure future competence and competitiveness.
