Sensitivity analysis

Effect in profit, SEK m 2013-12-31 2014-03-31 2014-06-30 2014-09-30 2014-12-31
Change in metal prices + 10%          
Copper 400 365 385 390 480
Zinc 485 490 570 610 620
Lead 90 100 105 105 100
Gold 140 160 175 180 200
Silver 140 155 175 160 155
   
Change in USD + 10%          
USD/SEK 960 970 1,080 1,130 1,160
EUR/USD 385 380 460 445 560
USD/NOK 85 90 105 115 115
   
Change in TC/RC + 10%          
TC/RC Copper 90 85 90 105 100
TC Zinc 40 30 35 40 40
TC Lead -10 -10 -15 -10 -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.