Interim Report, January – March 2007

Q1 profit down, but production and metal market
continue strong

Q1 2007

• Revenues rose to SEK 8,455 million (SEK 7,337 m).
• The operating profit fell to SEK 1,286 million (SEK 1,750 m).
• The profit for the period fell to SEK 921 million (SEK 1,239 m).
• Earnings per share totalled SEK 3.18 (SEK 4.28).
• Cash flow from operating activities rose to SEK 1,490 million (SEK 999 m).
• Successful exploration work enabled Boliden to report a trebling of the Group’s total ore reserves during the first quarter.