Q2 2015 Interim Report

Q2 2015

  • Revenues totalled SEK 10,373 million (9,438)
  • The operating profit totalled SEK 1,090 million (478)
  • The operating profit, excluding the revaluation of process inventory, totalled SEK 1,257 million (374)
  • Free cash flow totalled SEK 1,557 million (920)
  • Earnings per share totalled SEK 2.96 (1.08)

Robust production and strong cash flow

  • Improved market terms had a positive impact on the profit.
  • Mines’ production was high, despite disruptions to production at Aitik.
  • Maintenance shutdowns by Smelters completed according to plan.

Please find enclosed the full report.

The Interim Report will be presented via a webcast/conference call on Friday, 17 July at 14:30 (CET). Information is available at www.boliden.com.

Contact persons for information:
Lennart Evrell, President & CEO  
Tel: +46 8 610 15 00
Mikael Staffas, 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 17 July 2015 at 12:00 (CET).

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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.