Preliminary Full-Year Report 2007
Stable production but lower prices and market terms as well as weaker dollar affect profits“Boliden’s operating profit for the fourth quarter totalled SEK 590 million, which is a significant fall in comparison with previous quarters and is expected to be below market estimates.Boliden is greatly exposed to US dollar exchange rates, the price of zinc metal and TC/RC’s for copper and zinc. A fall in the price of zinc affects mines and smelters negatively both in ongoing business and revaluation of stocks. During the fourth quarter the zinc price has fallen by 37% compared with the same