Full-year Report 2006

Strong global metals market provided record profit for Boliden

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Q4 2006

  • Revenues rose to SEK 9,728 million (SEK 6,372 m).
  • The operating profit improved to SEK 2,225 million (SEK 1,634 m).
  • The profit for the period increased to SEK 1,750 million (SEK 1,189 m).
  • Earnings per share strengthened to SEK 6.04 (SEK 4.11).

Full year 2006

  • Revenues rose to SEK 35,213 million (SEK 20,441 m).
  • The operating profit improved to SEK 8,522 million (SEK 3,069 m).
  • The profit for the period increased to SEK 6,268 million (SEK 2,046 m).
  • Earnings per share strengthened to SEK 21.66 (SEK 7.07).

Important events

  • The Board of Directors proposes to the Annual General Meeting an ordinary dividend of SEK 4 (2) per share and a share redemption corresponding to SEK 12 per share. It is proposed that, in all, SEK 4.6 billion be returned to shareholders.
  • The Board of Directors is requesting a mandate for a buy-back program of the Company's own shares, up to a maximum of 10 per cent of the outstanding shares.
  • Decision to invest SEK 5.2 billion to double ore production from 18 to 36 million tonnes at the Aitik copper mine.
  • Decision to double the investments in exploration for 2007 to SEK 300 million.
  • Extension of metal price hedging for copper, lead, silver and gold until 2009.

Contact persons for information:

Jan Johansson, President and CEO, Phone: +46 8 610 16 02, [email protected], Mobile: +46 70 555 02 02

Staffan Bennerdt, CFO, Tel.: +46 8 610 15 20, [email protected], Mobile: +46 70 513 61 14

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More press releases & news

Boliden has entered into a definitive agreement with Lundin Mining to acquire the Neves-Corvo mine in Portugal and the Zinkgruvan mine in Sweden. The upfront cash consideration for the entities is USD 1,300 m plus contingent payments that can reach up to USD 150 m, on a cash and debt-free basis. The transaction, that considerably strengthens Boliden's mine production as well as internal zinc and copper concentrate supply, is subject to customary regulatory approvals.

"Our mine production during the quarter has been good. Just like last quarter, our Finnish smelters are producing very well." - Mikael Staffas, President and CEO.

Boliden will announce its Interim Report for the third quarter 2024 on Tuesda