Q1 2015 Interim Report

Q1 2015

  • Revenues totalled SEK 10,407 million (8,550)
  • The operating profit totalled SEK 1,205 million (265)
  • The operating profit, excluding the revaluation of process inventory, totalled SEK 1,102 million (385)
  • Free cash flow totalled SEK 19 million (-432)
  • Earnings per share totalled SEK 3.27 (SEK 0.56)

Improved prices and terms affected by strong USD

  • The effect of a stronger USD and improved smelting terms outweighed the impact of lower metal prices.
  • Several minor disruptions to Smelters’ processes resulted in lower feed compared to preceding quarter’s very strong production.
  • Increased mined production and improved recovery levels at Garpenberg.
  • Production levels fell at Aitik due to winter conditions and maintenance work.
  • Appeal regarding diesel tax at Aitik was rejected. Boliden continues to pursue appeals.

Please find enclosed the full report.

The Interim Report will be presented via a webcast/conference call on Tuesday, 5 May at 09:00 (CET). Information is available at www.boliden.com.

Contact persons for information:

Lennart Evrell, President & CEO Tel: +46 8 610 15 00
Mikael Staffas, CFO Tel: +46 8 610 15 00
Sophie Arnius, Director Investor Relations            Tel: +46 8 610 15 23
      +46 70 590 8072

The information provided comprises information that Boliden is obliged to present, pursuant to the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. The information was released for publication on 5 May 2015 at 07:45 (CET).

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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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