Q3 Interim Report for 2016

Q3 2016

  • Revenues totalled SEK 9,733 m (9,764)
  • The operating profit totalled SEK 1,529 m (880)
  • The operating profit, excluding the revaluation of process inventory, totalled SEK 1,318 m (1,055)
  • Free cash flow totalled SEK 91 m (953)
  • Earnings per share totalled SEK 4.15 (2.36)

Strong quarter for Mines

  • Improved metal prices had a positive effect on the profit.
  • High production by Mines.
  • The zinc smelters were affected by disruptions to production and processes.
  • The free cash flow was negatively affected by high stock levels, and totalled SEK 91 m (953).
  • The net debt/equity ratio fell during the quarter from 43% to 40%.

Please find enclosed the full report.

The Interim Report will be presented via a webcast/conference call on Thursday, 20 October 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
Sophie Arnius, Director Investor Relations Tel: +46 8 610 15 23
+46 70 590 8072

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 the Director Investor Relations, at 07.45 CET on 20 October 2016.

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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.