Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Bloomberg Customers


February 08, 2016 9:38 AM ET

Metals and Mining

Company Overview of Luossavaara-Kiirunavaara AB

Company Overview

Luossavaara-Kiirunavaara AB (publ) manufactures and delivers upgraded iron ore products and services for steelmaking in the European Union, the Middle East, North Africa, China, and the United States. It offers blast furnace and direct reduction pellets; sinter fines; and mineral products, such as magnetite, mica, and huntite. The company also provides water-powered drilling rigs and other drilling systems for use in service and hole backfilling, predrilling for injection in dams, micropiling, and geothermal energy layer drilling. In addition, it is involved in steel analysis studies, including metallographic studies, steel analysis and consultation concerning ladle metallurgy, continuous ca...

Varvsgatan 45

Lulea,  971 28

Sweden

Founded in 1890

4,472 Employees

Phone:

46 7 71 76 00 00

Fax:

46 7 71 76 00 01

Key Executives for Luossavaara-Kiirunavaara AB

Chief Executive Officer and President
Age: 56
Chief Financial Officer, Senior Vice President of Treasury, Group Chief Executive Officer of Lkab Minerals Ab and President of Lkab Minerals Ab
Age: 56
Chief Executive Officer of Lkab Trading (Shanghai) Co., Ltd. and President of Lkab Trading (Shanghai) Co., Ltd.
Senior Vice President of Production & Logistics and President of Ikab Malmtrafik Ab
Age: 56
President of LKAB SA and President of LKAB SCHWEDENERZ GmbH
Compensation as of Fiscal Year 2015.

Luossavaara-Kiirunavaara AB Key Developments

Luossavaara-Kiirunavaara AB Announces Board Changes

Hans Biörck and Lars Pettersson have decided to step down from Luossavaara-Kiirunavaara AB board as of the annual general meeting in April. In light of the pending urban transformation projects in Kiruna and Malmberget, membership on the boards of both LKAB and Skanska may be seen as a possible conflict of interest. For this reason, Hans Biörck has announced that he will not stand for re-election at the annual general meeting in April. Lars Pettersson is stepping down due other growing commitments. Hans Biörck has been a member of the board since 2012 and Lars Pettersson was elected to the board in 2013.

Luossavaara-Kiirunavaara AB Reports Consolidated and Parent Earnings and Operating Results for the Third Quarter and Nine Months Ended September 30, 2015; Announces Impairment Charges for the Third Quarter Ended September 30, 2015

Luossavaara-Kiirunavaara AB reported consolidated and parent earnings and operating results for the third quarter and nine months ended September 30, 2015. For the quarter, on consolidated basis, net sales were SEK 4,203 million, compared to SEK 4,991 million a year ago. Operating loss was SEK 6,951 million, compared to SEK 1,164 million a year ago. Loss before tax was SEK 7,264 million, compared to SEK 1,195 million a year ago. Loss attributable to parent company shareholders was SEK 5,641 million compared to profit of SEK 979 million a year ago. Cash flow from operating activities was SEK 813 million, compared to SEK 472 million a year ago. Acquisition of property, plant and equipment was SEK 1,369 million, compared to SEK 1,457 million a year ago. For the nine months, on consolidated basis, net sales were SEK 11,948 million, compared to SEK 15,953 million a year ago. Operating loss was SEK 6,805 million, compared to operating profit of SEK 366 million a year ago. Loss before tax was SEK 7,076 million, compared to profit before tax of SEK 512 million a year ago. Loss attributable to parent company shareholders was SEK 5,451 million compared to profit of SEK 364 million a year ago. Cash flow from operating activities was SEK 2,808 million, compared to SEK 5,630 million a year ago. Acquisition of property, plant and equipment was SEK 4,561 million, compared to SEK 3,856 million a year ago. For the quarter, on parent basis, net sales were SEK 3,753 million, compared to SEK 4,547 million a year ago. Operating loss was SEK 6,161 million, compared to SEK 1,327 million a year ago. Loss before tax was SEK 6,186 million, compared to SEK 1,188 million a year ago. Loss for the period was SEK 4,815 million, compared to SEK 946 million a year ago. For the nine months, on parent basis, net sales were SEK 10,835 million, compared to SEK 14,756 million a year ago. Operating loss was SEK 6,180 million, compared to SEK 82 million a year ago. Loss before tax was SEK 6,294 million, compared to profit before tax of SEK 322 million a year ago. Loss for the period was SEK 4,900 million, compared to profit of SEK 240 million a year ago. For the quarter, production was 5.9 Mt compared to 6.3 Mt a year ago. Deliveries were 6.2 Mt compared to 6.7 Mt a year ago. Proportion of pellets was 83% compared to 80% a year ago. For the nine months, production was 17.9 Mt compared to 18.9 Mt a year ago. Deliveries were 17.4 Mt compared to 19.3 Mt a year ago. Proportion of pellets was 85% compared to 84% a year ago. For the quarter, the company announced impairment of property, plant and equipment of SEK 7,136 million.

Luossavaara-Kiirunavaara AB, Q3 2015 Earnings Call, Oct 23, 2015

Luossavaara-Kiirunavaara AB, Q3 2015 Earnings Call, Oct 23, 2015

Similar Private Companies By Industry

Company Name Region
Eslöv Mekaniska Verkstad AB Europe
Structo Hydraulics AB Europe
Storumans Metallindustri AB Europe
Nordic Resources AB Europe
Helens Ror AB Europe

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Luossavaara-Kiirunavaara AB, please visit www.lkab.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.