Interim Report, January-March 2009

Positive result in a continued weak market

Q1 2009

· Revenues fell by 37 per cent, totalling SEK 5,879 million (SEK 9,303 m)
· The operating profit totalled SEK 788 million (SEK 1,231 m). Excluding the revaluation of the smelters' process stocks, it totalled SEK 269 million (SEK 926 m)
· Cutbacks in copper production at the smelters
· The free cash flow totalled SEK -1,811 million (SEK 1,198 m), primarily due to higher stocks
· Earnings per share totalled SEK 2.06 (SEK 4.62)

Contact persons for information:

Lennart Evrell, President & CEO Tel: (exchange): +46 8 610 15 00

Johan Fant, CFO Tel: (exchange): +46 8 610 15 00

 Frans Benson, Head of  Investor Relations Tel: +46 8 610 15 23

See attached the complete Interim Report

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