Kaunis Holding: Kaunis Iron Holding publishes Annual and Sustainability Report 2024
15 april, 08:35
15 april, 08:35
The Annual and Sustainability Report 2024 for Kaunis Iron Holding AB is now available at www.kaunisiron.se.
The financial statement for 2024 reflects decreased demand and global uncertainty. 2024 resulted in a net loss for the year of SEK -205 million, with a net loss after financial items of SEK -150 million. In terms of production we ended up on 1,924 thousand tonnes, compared to 2,283 thousand tonnes in the previous year.
The year has been characterised by logistics-related challenges. The troubled situation surrounding the Suez Canal has contributed to an increase in shipping costs by around 30 percent. At the same time, the historic and extensive stoppages on the Malmbanan railway line between December 2023 and June 2024 have challenged the entire Group, with a major impact on our profitability and liquidity.
Additionally, the disruptions have also led to lost revenues as they occurred during a period when iron ore prices were more favourable than at present. In total, the financial consequences of these challenges can be placed at close to half a billion Swedish kronor.
Contact
Klas Dagertun
CEO/Group CEO, Kaunis Iron
Telefon: 070-591 00 41
E-post: klas.dagertun@kaunisiron.se
Linus Styrman
CFO, Kaunis Iron
Telefon: 072-724 44 00
E-post: linus.styrman@kaunisiron.se
Image Attachments
Drill hole at Kaunis Iron open-pit mine
Attachments
Kaunis Iron Annual And Sustainability Report 2024 ENG
15 april, 08:35
The Annual and Sustainability Report 2024 for Kaunis Iron Holding AB is now available at www.kaunisiron.se.
The financial statement for 2024 reflects decreased demand and global uncertainty. 2024 resulted in a net loss for the year of SEK -205 million, with a net loss after financial items of SEK -150 million. In terms of production we ended up on 1,924 thousand tonnes, compared to 2,283 thousand tonnes in the previous year.
The year has been characterised by logistics-related challenges. The troubled situation surrounding the Suez Canal has contributed to an increase in shipping costs by around 30 percent. At the same time, the historic and extensive stoppages on the Malmbanan railway line between December 2023 and June 2024 have challenged the entire Group, with a major impact on our profitability and liquidity.
Additionally, the disruptions have also led to lost revenues as they occurred during a period when iron ore prices were more favourable than at present. In total, the financial consequences of these challenges can be placed at close to half a billion Swedish kronor.
Contact
Klas Dagertun
CEO/Group CEO, Kaunis Iron
Telefon: 070-591 00 41
E-post: klas.dagertun@kaunisiron.se
Linus Styrman
CFO, Kaunis Iron
Telefon: 072-724 44 00
E-post: linus.styrman@kaunisiron.se
Image Attachments
Drill hole at Kaunis Iron open-pit mine
Attachments
Kaunis Iron Annual And Sustainability Report 2024 ENG
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