Full-year Report 2006

Strong global metals market provided record profit for Boliden

Q4 2006
• Revenues rose to SEK 9,728 million (SEK 6,372 m).
• The operating profit improved to SEK 2,225 million (SEK 1,634 m).
• The profit for the period increased to SEK 1,750 million (SEK 1,189 m).
• Earnings per share strengthened to SEK 6.04 (SEK 4.11).


Full year 2006
• Revenues rose to SEK 35,213 million (SEK 20,441 m).
• The operating profit improved to SEK 8,522 million (SEK 3,069 m).
• The profit for the period increased to SEK 6,268 million (SEK 2,046 m).
• Earnings per share strengthened to SEK 21.66 (SEK 7.07).


Important events
• The Board of Directors proposes to the Annual General Meeting an ordinary dividend of SEK 4 (2) per share and a share redemption corresponding to SEK 12 per share. It is proposed that, in all, SEK 4.6 billion be returned to shareholders.
• The Board of Directors is requesting a mandate for a buy-back program of the Company’s own shares, up to a maximum of 10 per cent of the outstanding shares.
• Decision to invest SEK 5.2 billion to double ore production from 18 to 36 million tonnes at the Aitik copper mine.
• Decision to double the investments in exploration for 2007 to SEK 300 million.
• Extension of metal price hedging for copper, lead, silver and gold until 2009.





Contact persons for information:

Jan Johansson, President and CEO Tel.: +46 8 610 16 02
jan.c.johansson@boliden.com Mobile: +46 70 555 02 02
Staffan Bennerdt, CFO Tel.: +46 8 610 15 20
Staffan.bennerdt@boliden.com Mobile: +46 70 513 61 14

See attached the complete Full-year Report
www.boliden.com

About Us

Boliden is a metals company with a commitment to sustainable development. Our roots are Nordic, but our business is global. The company’s core competence is within the fields of exploration, mining, smelting and metals recycling. Boliden has approximately 5,500 employees and a turnover of SEK 40 billion. Its share is listed on NASDAQ OMX Stockholm, segment Large Cap. www.boliden.com

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