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Q3 2014 INTERIM REPORT

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Q3 2014

  • Revenues totalled SEK 9,287 million (SEK 8,471 m)
  • The operating profit totalled SEK 858 million (SEK 681 m)
  • The operating profit, excluding the revaluation of process inventory, totalled SEK 711 million (SEK 603 m)
  • Free cash flow totalled SEK 728 million (SEK 436 m)
  • Earnings per share totalled SEK 2.24 (SEK 1.81)

Improvements in prices and terms offset lower grades at Aitik

  • Improvements in zinc prices and a weaker SEK had a positive impact on the profit. 
  • Copper concentrate production levels fell due to low grades at Aitik.
  • Planned maintenance shutdowns in Business Area Smelters impacted the profit with SEK -85 million (SEK -25 m).
  • The aggregate impact on the profit for the quarter of the tank breakdown at Kokkola totalled SEK 50 million.
  • The acquisition of the Kylylahti copper mine and exploration rights in Finland was completed on 1 October.

Please find enclosed the full report.

The Interim Report will be presented in Stockholm and via a webcast/conference call on Wednesday, 22 October at 15:00 (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 22 October 2014 at 12.00 (CET).

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Q3 Boliden Q3 2014

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