Financial reports

Q1 2015 Interim Report
2015-05-05 07:45

Q1 2015

  • Revenues totalled SEK 10,407 million (8,550)
  • The operating profit totalled SEK 1,205 million (265)
  • The operating profit, excluding the revaluation of process inventory, totalled SEK 1,102 million (385)
  • Free cash flow totalled SEK 19 million (-432)
  • Earnings per share totalled SEK 3.27 (SEK 0.56)

Improved prices and terms affected by strong USD

  • The effect of a stronger USD and improved smelting terms outweighed the impact of lower metal prices.
  • Several minor disruptions to Smelters’ processes resulted in lower feed compared to preceding quarter’s very strong production.
  • Increased mined production and improved recovery levels at Garpenberg.
  • Production levels fell at Aitik due to winter conditions and maintenance work.
  • Appeal regarding diesel tax at Aitik was rejected. Boliden continues to pursue appeals.

Please find enclosed the full report.

The Interim Report will be presented via a webcast/conference call on Tuesday, 5 May at 09:00 (CET). Information is available at www.boliden.com.

Contact persons for information:

Lennart Evrell, President & CEO Tel: +46 8 610 15 00
Mikael Staffas, CFO Tel: +46 8 610 15 00
Sophie Arnius, Director Investor Relations            Tel: +46 8 610 15 23
      +46 70 590 8072

The information provided comprises information that Boliden is obliged to present, pursuant to the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. The information was released for publication on 5 May 2015 at 07:45 (CET).

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