Interim Report, 1st January - 31st March 2004

Interim Report, 1st January - 31st March 2004 New Boliden reports a record result for the first quarter of 2004 · Net sales increased to SEK 4,498 million (SEK 2,338 m). · The operating result rose to SEK 434 million (SEK 126 m). · The result after net financial items improved to SEK 307 million (SEK 54 m). · The net result increased to SEK 266 million (SEK 130 m). · Earnings per share rose to SEK 1.27 (SEK 1.22). · Cash flow from operating activities totalled SEK 476 million (SEK 174 m). · The debt/equity ratio has improved significantly to 103 per cent (160%). · Higher metal prices and increased production had a positive effect on the result, whilst exchange-rate trends and treatment charges had a negative effect. Other · 5 million shares in Outokumpu were sold in January. · The process of selling the Canadian mine, Myra Falls, began in February. · The oversubscribed rights issue will generate approximately SEK 1.4 billion. Contact persons for information: Jan Johansson, President and CEO Tel: +46 8 610 16 02 jan.c.johansson@boliden.se Mobile: +46 70 555 02 02 Ulf Söderström, Senior VP, Group Communications Tel: +46 8 610 15 57 ulf.soderstrom@boliden.se Mobile: +46 70 618 95 95 Jan Öhman, Senior VP, Group Controlling Tel: +46 8 610 15 33 jan.ohman@boliden.se Mobile: +46 70 624 19 05 Boliden's website: 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/2004/04/26/20040426BIT00420/wkr0001.doc The full report http://www.waymaker.net/bitonline/2004/04/26/20040426BIT00420/wkr0002.pdf The full report