Full year Report, January - December 2009

Higher metal prices but lower metal grades during fourth quarter

Q4 2009

· Revenues totalled SEK 8,356 million (SEK 6,287 m).
· The operating profit was SEK 1,232 million (SEK -491 m). Excluding revaluation of process inventory, the operating profit was SEK 870 million (SEK 211 m).
· The free cash flow totalled SEK 350 million (SEK -534 m).
· Earnings per share totalled SEK 3.00 (SEK -1.65).

Full year 2009

· Revenues totalled SEK 27,635 million (SEK 30,987 m).
· The operating profit was SEK 3,623 million (SEK 1,004 m). Excluding revaluation of process inventory, the operating profit was SEK 2,350 million (SEK 1,793 m).
· The free cash flow totalled SEK -948 million (SEK 837 m).
· Earnings per share totalled SEK 9.14 (SEK 3.42).

· The Board of Directors proposes that the Annual General Meeting approve payment of a dividend of SEK 3 (SEK 1) per share.
· Financial targets adjusted

Contact persons for information:

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

Johan Fant, CFO
Tel: (exchange): +46 8 610 15 00

Frans Benson, Investor Relations
Tel: +46 8 610 15 23

Please find enclosed the full Q4 Report.

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More press releases & news

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.

The shareholders of Boliden AB (p

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.