Sensitivity analysis

Effect in profit, SEK m 2013-09-30 2013-12-31 2014-03-31 2014-06-30 2014-09-30
Change in metal prices + 10%          
Copper 390 400 365 385 390
Zinc 445 485 490 570 610
Lead 85 90 100 105 105
Gold 150 140 160 175 180
Silver 130 140 155 175 160
   
Change in USD + 10%          
USD/SEK 930 960 970 1080 1130
EUR/USD 350 385 380 460 445
USD/NOK 80 85 90 105 115
   
Change in TC/RC + 10%          
TC/RC Copper 80 90 85 90 105
TC Zinc 40 40 30 35 40
TC Lead -10 -10 -10 -15 -10
   
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.