Interim Report, 1st January - 30th September 2004
Interim Report, 1st January - 30th September 2004 New Boliden continues to report record results Comparison between the first nine months of 2004 and 2003 · Net sales increased to SEK 13,310 million (SEK 6,962 m). · The operating result rose to SEK 1,194 million (SEK 297 m). · The operating result was negatively affected by net non-recurring items of SEK -12 million. · The result after financial items improved to SEK 887 million (SEK 80 m). · The net result increased to SEK 802 million (SEK 250 m). · Earnings per share rose to SEK 3.37 (SEK 2.35). · Cash flow from operating activities totalled SEK 1,257 million (SEK 618 m). · The net debt/equity ratio has improved substantially to 96 per cent (138%). Comparison between Q3 2004 and Q3 2003 · Net sales increased to SEK 4,265 million (SEK 2,326 m). · The operating result rose to SEK 363 million (SEK 87 m). · The operating result was negatively affected by net non-recurring items of SEK -12 million. · The result after financial items improved to SEK 273 million (SEK 11 m). · The net result increased to SEK 256 million (SEK 81 m). · Earnings per share rose to SEK 1.01 (SEK 0.76). Other · The sale of the Canadian mine, Myra Falls, was concluded in July. · In September, the European Commission fined a former Boliden company, which has now been sold, SEK 300 million for participation in a copper-tube cartel. This has affected the result of the reporting period. · Land adjacent to the Tara zinc mine in Ireland was sold in September. The sale generated a capital gain after tax of SEK 150 million. · Boliden's refinancing of the company's bank loans for a total of EUR 840 million was completed in October. Contact persons for information: Jan Johansson, President and CEO Tel.: +46 8 610 16 02 Mobile: +46 70 555 02 02 jan.c.johansson@boliden.com Ulf Söderström, Senior VP, Group Communications Tel.: +46 8 610 15 57 Mobile: +46 70 618 95 95 ulf.soderstrom@boliden.com Jan Öhman, Senior VP, Group Controlling Tel.: +46 8 610 15 33 Mobile: +46 70 624 19 05 jan.ohman@boliden.com See attached the complete Interim Report www.boliden.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/10/25/20041025BIT20620/wkr0010.pdf The full report