Full-year Report 2008

Profits down as zinc and copper prices continued to fall

Q4 2008
· Revenues totalled SEK 6,287 million (SEK 7,290 m).
· The operating profit was SEK -491 million (SEK 590 m). This includes a revaluation of the smelters' process stocks totalling SEK -702 million (SEK -277 m).
· Earnings per share totalled SEK -1.65 (SEK 1.33).
· Zinc and copper prices fell in USD by 33 per cent and 49 per cent, respectively, from the previous quarter, and by 55 per cent and 46 per cent from Q4 2007.
· The free cash flow totalled SEK -534 million (SEK -418 m).
· Cutbacks in the smelters' zinc production.

Full year 2008
· Revenues totalled SEK 30,987 million (SEK 33,204 m).
· The operating profit was SEK 1,004 million (SEK 5,428 m).
· Earnings per share totalled SEK 3.42 (SEK 13.37).
· Free cash flow totalled SEK 837 million (SEK 1,212 m).
· The Board of Directors proposes that the Annual General Meeting approve payment of a dividend of SEK 1 (SEK 4) per share.

Important events after the fourth quarter
· USD/SEK exposure currency hedged for previously price hedged mine production.
· Cutbacks in smelters' copper production

Contact persons for information:

 Lennart Evrell, President & CEO	
 Tel (exchange): +46 8 610 15 00 

 Johan Fant, Acting CFO	    
 Tel (exchange):+46 8 610 15 00
 	
 Stefan Lundewall, Acting IR contact	   
 Tel: +46 70 208 32 13

See attached the complete Full year Report

Downloads

More press releases & news

Consequences of abnormal seismic activity at the Garpenberg mine

The abnormally high seismic activity in Garpenberg has decreased and mining production at low levels will commence in the second quarter. The first quarter throughput was just under 0.8 Mton instead of the expected slightly over 0.9 Mton at already communicated grades. All inspections are not yet complete but production in the most affected part of the mine is not expected to resume in 2026. Until further notice, Garpenberg's production is therefore estimated to be around 30 percent of the guided capacity of 3.7 Mton per year. For the first quarter of 2026, EBITDA will be negatively affected by approximately SEK -400 million at today's prices and terms.

Read more
Invitation to the Annual General Meeting of Boliden AB (publ)

The shareholders of Boliden AB (p

Read more
Boliden's capital market update: Future-focused investments in Garpenberg and Rönnskär

Boliden has decided to invest in a new hoist system at Garpenberg and an industrial demonstration plant for the production of supplementary cementitious material at Rönnskär. The investments, which amount to SEK 4 billion and SEK 1.5 billion respectively, will strengthen the earnings capacity of both units and lay the foundation for exploiting further future opportunities.

Read more