Year-end Report 2011

Q4 2011

  • Revenues totalled SEK 9,716 million (SEK 10,120 m)
  • The operating profit totalled SEK 1,075 million (SEK 1,942 m)
    - The operating profit, excluding the revaluation of process inventory, totalled SEK 991 million (SEK 1,445 m)
    - A provision of SEK 125 million (SEK 80 m) for future reclamation costs was charged to the fourth quarter profit
  • Free cash flow totalled SEK -482 million (SEK 1,850 m)
  • Earnings per share totalled SEK 2.88 (SEK 5.17)

Full year 2011

  • Revenues totalled SEK 40,323 million (SEK 36,716 m)
  • The operating profit totalled SEK 4,748 million (SEK 5,643 m)
    - The operating profit, excluding the revaluation of process inventory, totalled SEK 5,008 million (SEK 4,830 m)
  • Free cash flow totalled SEK -3 million (SEK 3,202 m)
  • The debt/equity ratio was 29 per cent (24%)
  • Earnings per share totalled SEK 12.39 (SEK 14.47)
  • The Board of Directors proposes a dividend of SEK 4 (SEK 5) per share
 

Contact persons for information:

 Lennart Evrell, President & CEO, Tel: (exchange): +46 8 610 15 00
 Mikael Staffas, CFO, Tel: (exchange): +46 8 610 15 00
 Frans Benson, Director Investor Relations, Tel: +46 8 610 15 23                          
 

Please find enclosed the full Report.

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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.