Stable trend during first quarter
Q1 2008
- Revenues rose to SEK 9,303 million (SEK 8,455 m).
- The operating profit fell to SEK 1,231 million (SEK 1,286 m).
- The profit after tax was SEK 1,263 million (SEK 921 m).
- Earnings per share totalled SEK 4.62 (SEK 3.18).
- The free cash flow totalled SEK 1,198 million (SEK 1,117 m).
- Boliden was granted a deficit deduction of SEK 1,557 million, yielding a tax receipt of SEK 436 million during the first quarter.
- Increased ore reserves and mineral assets.
- Environmental licence granted for Aitik expansion.
Summary of financial performance
Q1 Q1 Full year
SEK m 2008 2007 2007
Revenues 9 303 8 455 33 204
Operating profit
(EBIT) 1 231 1 286 5 428
Profit before tax 1 133 1 261 5 196
Profit after tax
1) 1 263 921 3 787
Earnings per
share 2) 4.62 3.18 13.37
Free cash flow 3) 1 198 1 117 1 212
Return on capital
employed, % 25 28 29
Return on equity,
% 4) 39 22 26
Net debt/
Shareholders'
equity, % 31 -8 43
1. of which SEK 436 million are tax receipt
2. of which 1.59 are tax receipt
3. refers to cash flow before financing operations
4. of which 13% are tax receipt
Contact persons for information:
Lennart Evrell, President & CEO Tel:+46 70 208 32 13 [email protected] Carina Wång, Acting CFO Tel:+46 70 208 32 13 [email protected] See attached the complete Interim Report www.boliden.com