Q2 Interim Report 2021

Q2 2021

  • Revenues totaled SEK 17,891 m (13,391) 
  • The operating profit totaled SEK 2,785 m (1,801)
  • The operating profit, excluding revaluation of process inventory, totaled SEK 2,616 m (1,634)
  • Free cash flow totaled SEK 2 013 m (1 174)
  • Earnings per share totaled SEK 8.00 (4.92)

Strong earnings and cash flow

  • High metal prices.
  • Stable production in both Mines and Smelters.
  • The Board has decided to invest EUR 700 m in the smelter in Odda to increase capacity from 200 to 350 ktonnes /year.

Please find enclosed the full report.

The Interim Report will be presented via a webcast/conference call on Thursday, July 22nd at 09:30 (CET). Information is available at www.boliden.com.

Contact persons for information:

Mikael Staffas, 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 and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 16:30 CET, 21st of July 2021.

Boliden is a metals company with a focus on sustainable development. Our roots are Nordic, our market global. Our core competence lies within the fields of exploration, mining, smelting and metal recycling. Boliden has around 6,000 employees and an annual turnover of SEK 50 billion. The share is listed in the Large Cap segment on NASDAQ OMX Stockholm.

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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.