Q4 Interim Report and Year-end report for 2017

Q4 2017

  • Revenues totalled SEK 13,619 m (12,137)
  • The operating profit totalled SEK 3,091 m (2,353)
  • The operating profit, excluding the revaluation of process inventory, totalled SEK 2,912 m (2,106)
  • Free cash flow totalled SEK 2,382 m (1,692)
  • Earnings per share totalled SEK 8.22 (6.68)

High production, good prices

  • Mines: high milled volumes and high grades.
  • Smelters: stable production.
  • The net debt/equity ratio decreased during the quarter from 19% to 11%.
  • Board decision in February 2018 on expansion investments in Kevitsa and Harjavalta. 
  • The Board of Directors proposes a payment of SEK 14.00 (5.25) per share.
    • An ordinary dividend of SEK 8.25 (5.25) per share.
    • An extra payment of SEK 5.75 per share by automatic share redemption.

Please find enclosed the full report.

The Interim Report will be presented via a webcast/conference call on Wednesday, 14 February 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

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 Group Communication, at 07.45 CET on the 14th of February 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.

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.