Q1 Interim Report for 2016

Q1 2016

  • Revenues totalled SEK 8,849 m (10,407)
  • The operating profit totalled SEK 888 m (1,205)
  • The operating profit, excluding the revaluation of process inventory, totalled SEK 769 m (1,102)
  • Free cash flow totalled SEK 210 m (19)
  • Earnings per share totalled SEK 2.40 (3.27)

Good result in Smelters

  • The downturn in profit from the previous year was primarily a consequence of lower metal prices.
  • The net debt/equity ratio was 21% (33).
  • Competition authorities have approved the acquisition of the Kevitsa nickel-copper mine in northern Finland.

Please find enclosed the full report.

The Interim Report will be presented via a webcast/conference call on Tuesday, 3 May at 09:00 (CET). Information is available at www.boliden.com

Contact persons for information:
Lennart Evrell, President & CEO Tel: +46 8 610 15 00
Håkan Gabrielsson, CFO Tel: +46 8 610 15 00
Sophie Arnius, Director Investor Relations Tel: +46 8 610 15 23
+46 70 590 8072

The information provided comprises information that Boliden is obliged to present, pursuant to the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. The information was released for publication on 3 May 2016 at 07:45 (CET).

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