Q2 Interim Report for 2016

Q2 2016

  • Revenues totalled SEK 9,596 m (10,373)
  • The operating profit totalled SEK 912 m (1,090)
  • The operating profit, excluding the revaluation of process inventory, totalled SEK 901 m (1,257)
  • Free cash flow totalled SEK -4,794 m (1,557)
  • Earnings per share totalled SEK 2.26 (2.96)

High production by Mines

  • The operating profit, excluding the revaluation of process inventory, fell to SEK 901 m (1,257), largely due to lower metal prices.
  • The profit includes items affecting comparability and provisions for reclamation of mines yielding a net positive effect of SEK 122 m (0).
  • Acquisition of the Kevitsa nickel-copper mine in northern Finland was completed on 1 June.
  • Comprehensive maintenance shutdowns at several smelters negatively impacted the profit to the tune of SEK -210 m (-180).
  • The free cash flow was SEK -4,794 m (1,557). The cash flow includes the consideration for Kevitsa, which totalled just under SEK 6 billion.  
  • The net debt/equity ratio was 43% (28).

Please find enclosed the full report.

The Interim Report will be presented via an audiocast/conference call on Tuesday, 19 July at 08:30 (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
Sophie Arnius, Director Investor Relations                      
Tel: +46 8 610 15 23
+46 70 590 8072

This information is information that Boliden AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication through the agency of the Director Investor Relations, at 07.30 CET on 19 July 2016.

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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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