Boliden’s second quarter: Strong result due to continued favourable prices and terms
Boliden’s second quarter was characterised by continued favourable prices and terms, resulting in improved profits. Revenues for the period totalled SEK 14,071 m (11,554) and the operating profit was SEK 2,468 m (1,916). The free cash flow totalled SEK 1,718 m (2,152).“This was a strong quarter, despite grades falling short of the very high grades noted in the first quarter which was expected. The reduction in volume was, however, offset by improved prices and terms, and by the success of Smelters’ measures to improve process stability and its expansion projects,” says Boliden’s President &