Sensitivity analysis

Effect in profit, SEK m 2014-03-31 2014-06-30 2014-09-30 2014-12-31 2015-03-31
Change in metal prices + 10%          
Copper 365 385 390 480 520
Zinc 490 570 610 620 710
Lead 100 105 105 100 115
Gold 160 175 180 200 230
Silver 155 175 160 155 190
   
Change in USD + 10%          
USD/SEK 970 1080 1130 1160 1290
EUR/USD 380 460 445 560 590
USD/NOK 90 105 115 115 130
   
Change in TC/RC + 10%          
TC/RC Copper 85 90 105 100 125
TC Zinc 30 35 40 40 60
TC Lead -10 -15 -10 -15 -15
   
The above table contains an estimate of how changes in market terms from listings on dates above, calculated on the basis of Boliden's planned production volumes, affect the Group's operating profit (EBIT) over the next twelve-month period. The sensitivity analysis does not take into account the effects of metal price hedging, currency hedging, contracted TC/RC, or revaluation of the smelters' process inventory.