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March 29, 2015 8:28 AM ET

Metals and Mining

Company Overview of Luossavaara-Kiirunavaara AB

Company Overview

Luossavaara-Kiirunavaara AB (plc) manufactures and delivers upgraded iron ore products and services for the steel industry in Europe, the Middle East, North Africa, Asia and the United States. It operates through Mining, Minerals, and Special Businesses divisions. The Mining division mines and processes iron ore products, such as pellets and fines for use in steel production. The Minerals division develops, produces, and markets industrial mineral products, including magnetite, mica, and huntite for construction and civil engineering, polymer, paint, refractory, and foundry industries. The Special Businesses division develops and manufactures drill systems for customers in the civil engineer...

Box 952

Lulea,  971 28

Sweden

Founded in 1890

4,539 Employees

Phone:

46 7 71 76 00 00

Fax:

46 7 71 76 00 01

Key Executives for Luossavaara-Kiirunavaara AB

Group Chief Executive Officer and President
Age: 58
Chief Financial Officer, Senior Vice President of Finance and Senior Vice President of Treasury
Age: 55
Acting Group Chief Executive Officer of Lkab Minerals Ab and President of Minelco Ab
Age: 49
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: 55
Compensation as of Fiscal Year 2014.

Luossavaara-Kiirunavaara AB Key Developments

Luossavaara-Kiirunavaara AB Reports Group and Parent Company Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Luossavaara-Kiirunavaara AB reported group and parent company earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the group reported net sales of SEK 4,662 million against SEK 6,407 million a year ago. Operating profit was SEK 205 million against SEK 1,989 million a year ago. Profit before tax was SEK 82 million against SEK 1,978 million a year ago. Loss attributable to parent company shareholders was SEK 17 million against profit attributable to parent company shareholders of SEK 1,524 million a year ago. Cash flow from operating activities was SEK 1,906 against SEK 3,053 million a year ago. Acquisition of property, plant and equipment was SEK 1,635 million against SEK 1,722 million a year ago. For the year, the group reported net sales of SEK 20,615 million against SEK 23,873 million a year ago. Operating profit was SEK 570 million against SEK 7,639 million a year ago. Profit before tax was SEK 594 million against SEK 7,768 million a year ago. Profit attributable to parent company shareholders was SEK 347 million or SEK 496 earnings per share before and after dilution against profit attributable to parent company shareholders of SEK 6,032 million or SEK 8,617 earnings per share before and after dilution a year ago. Cash flow from operating activities was SEK 7,535 against SEK 8,557 million a year ago. Acquisition of property, plant and equipment was SEK 5,491 million against SEK 6,141 million a year ago. Return on equity was 0.9% against 14.7% a year ago. For the quarter, the parent company reported net sales were SEK 4,214 million against SEK 6,083 million a year ago. Operating profit was SEK 170 million against SEK 1,650 million a year ago. Profit before tax was SEK 672 million against loss before tax of SEK 42 million a year ago. Profit for the period was SEK 483 million against SEK 4 million a year ago. For the year, the parent company reported net sales were SEK 18,970 million against SEK 22,265 million a year ago. Operating profit was SEK 88 million against SEK 6,732 million a year ago. Profit before tax was SEK 994 million against SEK 5,483 million a year ago. Profit for the period was SEK 722 million against SEK 4,312 million a year ago. Return on equity was 1.9% against 11.1% a year ago.

Luossavaara-Kiirunavaara AB to Report Q4, 2014 Results on Feb 13, 2015

Luossavaara-Kiirunavaara AB announced that they will report Q4, 2014 results on Feb 13, 2015

Luossavaara-Kiirunavaara AB, Q4 2014 Earnings Call, Feb 13, 2015

Luossavaara-Kiirunavaara AB, Q4 2014 Earnings Call, Feb 13, 2015

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