For over 70 years, Järnmalmer has operated in the recycling industry. The company has operated within the same ownership family with a long-term ambition to develop and renew a traditional industry. In July 2023, ownership was handed over to REMONDIS, the world’s third largest recycling company.

The sale aims to be able to offer complete world-class solutions in an increasingly consolidated market. With local leadership and business acumen, we retain our DNA and our core values focusing on proximity to our customers. Järnmalmer will continue to work under the same brand and in the same company structure with an intact organization. Our belief is that we will achieve strong momentum in the market with our history as a driving force and the strength of belonging to a large group with an eye on the future.

With a broader perspective of the ferrous and non-ferrous market, with covid fresh in our minds and the events surrounding the invasion of Ukraine, we can state that there are currently manageable price changes in the market compared to what we have experienced in recent years. We see how the economy is declining and how inflation, although it has come down, is still at high levels. The weak krona leads to imported inflation and for resmelting raw materials, the effect has contributed to continued high price levels in Sweden. The demand going forward is more unclear and with interest rates continuing to be higher than what we are used to, we expect a more muted demand globally in terms of both ferrous and non-ferrous scrap in 2024.

For the 2022/2023 financial year, Järnmalmer can once again present a strong result in an unpredictable and competitive market. With solid knowledge, long-term customer focus and a relevant product mix, Järnmalmer had its second-best profit since its start 73 years ago.

Järnmalmer had sales of SEK 221.2 million over the period. The profit after financial items reached SEK 28.9 million. The equity/assets ratio was 71% with a total balance sheet total of SEK 141.3 million. The net margin was 13.1%.