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