Q3 Interim Report 2019

Q3 2019

  • Revenues totalled SEK 11,170 m (12,510) 
  • The operating profit totalled SEK 1,873 m (1,771)
  • The operating profit, excluding revaluation of process inventory, totalled SEK 1,635 m (2,020)
  • Free cash flow totalled SEK -653 m (822)
  • Earnings per share totalled SEK 5.14 (4.69)

Higher prices but major maintenance

  • Stable production in Mines.
  • A breakdown in the Harjavalta Nickel line and planned maintenance shutdowns in Smelters affected earnings by SEK -360 m (-70).
  • Higher stocks following logistical disruptions.

Please find enclosed the full report.

The Interim Report will be presented via a webcast/conference call on Thursday, October 24th 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. The information was submitted for publication, through the agency of Director Investor Relations, at 07.45 CET on the 24th of October 2019.

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Boliden will announce its Interim Report for the first quarter 2026 on Tuesda

As previously communicated, the abnormal seismic activity at the Garpenberg m

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.