Interim Report, January - March 2007

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Q1 profit down, but production and metal market continue strong

Q1 2007

  • Revenues rose to SEK 8,455 million (SEK 7,337 m).
  • The operating profit fell to SEK 1,286 million (SEK 1,750 m).
  • The profit for the period fell to SEK 921 million (SEK 1,239 m).
  • Earnings per share totalled SEK 3.18 (SEK 4.28).
  • Cash flow from operating activities rose to SEK 1,490 million (SEK 999 m).
  • Successful exploration work enabled Boliden to report a trebling of the Group's total ore reserves during the first quarter.

Contact persons for information:

Jan Johansson, President and CEO
[email protected]
Tel.: +46 8 610 16 02
Mobile: +46 70 555 02 02

Staffan Bennerdt, CFO
[email protected]
Tel: +46 8 610 15 20
Mobile: +46 70 513 61 14

See attached the complete Interim Report
www.boliden.com

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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.