Lower zinc prices and weaker US dollar cut profits
Q2, 2008
· Revenues totalled SEK 7,885 million (SEK 9,292 m).
· The operating profit was SEK 406 million (SEK 2,220 m).
· Earnings per share totalled SEK 0.95 (SEK 5.56).
· The free cash flow totalled SEK 290 million (SEK 451 m).
· Substantial decrease of operating capital
· Increased credit facility totalling approximately SEK 5 billion.
· Metal prices hedged for 2010.
First six months, 2008
· Revenues totalled SEK 17,187 million (SEK 17,748 m).
· The operating profit was SEK 1,637 million (SEK 3,506 m).
· Earnings per share totalled SEK 5.56 (SEK 8.74).
· The free cash flow totalled SEK 1,488 million (SEK 1,586 m).
· Approval of a deficit deduction of SEK 1,557 million yielded a tax receipt of SEK 436 million.
· Increased ore reserves and mineral assets.
Contact persons for information:
Lennart Evrell, President & CEO Tel (exchange): +46 8 610 15 00 [email protected]
Carina Wång, Acting CFO Tel (exchange): +46 8 610 15 00 [email protected]
Stefan Lundewall, IR contact Tel: +46 8 610 15 20, cell +46 70 208 32 13 [email protected]
See attached the complete Interim Report
www.boliden.com