Interim Report, 1st January - 30th June 2004
Interim Report, 1st January - 30th June 2004 [Removed Graphic] New Boliden reports a record result for the first six months of 2004 Comparison between the first six months of 2004 and 2003 · Net sales increased to SEK 9,045 million (SEK 4,636 m). · The operating result increased to SEK 831 million (SEK 210 m). · The result after financial items improved to SEK 614 million (SEK 69 m). · The net result increased to SEK 546 million (SEK 169 m). · Earnings per share increased to SEK 2.36 (SEK 1.59). · Cash flow from operating activities totalled SEK 910 million (SEK 336 m). · The debt/equity ratio has improved significantly to 99 percent (154%). Comparison between Q2 2004 and Q2 2003 · Net sales increased to SEK 4,547 million (SEK 2,298 m). · The operating result increased to SEK 397 million (SEK 84 m). · The result after financial items improved to SEK 307 million (SEK 15 m). · The net result increased to SEK 280 million (SEK 39 m). · Earnings per share increased to SEK 1.11 (SEK 0.37). Other · The rights issue, which was over-subscribed, was completed in April and provided Boliden with approximately SEK 1.4 billion. · A ten-year partnership agreement, increasing supplies of copper concentrate from the Portuguese mine Neves Corvo, was signed in June. · Additional potential for operating synergies has been identified. · The sale of the Canadian mine, Myra Falls, was concluded in July. Contact persons for information: Jan Johansson, President and CEO Tel +46 8 610 16 02 jan.c.johansson@boliden.com Mobile +46 70 555 02 02 Ulf Söderström, Senior VP, Group Tel +46 8 610 15 57 Communications ulf.soderstrom@boliden.com Mobile +46 70 618 95 95 Jan Öhman, Senior VP, Group Controlling Tel +46 8 610 15 33 jan.ohman@boliden.com Mobile +46 70 624 19 05 Boliden's website: www.boliden.com ------------------------------------------------------------ Denna information skickades av Waymaker http://www.waymaker.se ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/08/05/20040805BIT20040/wkr0010.pdf The full report