Q1 Interim Report 2018

Q1 2018

  • Revenues totalled SEK 13,331 m (12,730) 
  • The operating profit totalled SEK 2,672 m (2,149)
  • The operating profit, excluding the revaluation of process inventory, totalled SEK 2,724 m (2,061)
  • Free cash flow totalled SEK 1,431 m (1,060)
  • Earnings per share totalled SEK 7.35 (6.10)

High grades at Aitik and Tara

  • High grades compensated for low milled volumes.
  • Aitik’s new crusher is ramping up.
  • Stable production at the copper smelters – production record at Harjavalta.
  • Increased production at Odda but unfavourable concentrate mix at Kokkola.
  • The net debt/equity ratio decreased during the quarter from 11% to 6%.
  • Low accident frequency.

Please find enclosed the full report.

The Interim Report will be presented via a webcast/conference call on Friday, April 27 at 09:30 (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
Olof Grenmark, Director Investor Relations            Tel: +46 70 291 57 80

 
This information is information that Boliden AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of Director Investor Relations, at 07.45 CET on the 27h of April 2018.

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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.

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