Interim Report, January - March 2004

Interim Report, 1st January - 31st March 2004

New Boliden reports a record result for the first quarter of 2004

· Net sales increased to SEK 4,498 million (SEK 2,338 m).
· The operating result rose to SEK 434 million (SEK 126 m).
· The result after net financial items improved to SEK 307 million
(SEK 54 m).
· The net result increased to SEK 266 million (SEK 130 m).
· Earnings per share rose to SEK 1.27 (SEK 1.22).
· Cash flow from operating activities totalled SEK 476 million (SEK 174 m).
· The debt/equity ratio has improved significantly to 103 per cent (160%).
· Higher metal prices and increased production had a positive effect
on the result, whilst exchange-rate trends and treatment charges had a
negative effect.

 Other
 ·    5 million shares in Outokumpu were sold in January.
 ·    The process of selling the Canadian mine, Myra Falls, began in February.
 ·    The oversubscribed rights issue will generate approximately SEK 1.4
      billion.

Contact persons for information:

 Jan Johansson, President and CEO                 Tel:    +46 8 610 16 02
 [email protected]                       Mobile: +46 70 555 02 02
                                  
 Ulf Söderström, Senior VP, Group Communications  Tel:    +46 8 610 15 57
 [email protected]                        Mobile: +46 70 618 95 95
                                  
                                                  
 Jan Öhman, Senior VP, Group Controlling          Tel:    +46 8 610 15 33
 [email protected]                             Mobile: +46 70 624 19 05

Boliden's website: www.boliden.com

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