Interim Report, January-March 2008

Stable trend during first quarter

Q1 2008


· Revenues rose to SEK 9,303 million (SEK 8,455 m).
· The operating profit fell to SEK 1,231 million (SEK 1,286 m).
· The profit after tax was SEK 1,263 million (SEK 921 m).
· Earnings per share totalled SEK 4.62 (SEK 3.18).
· The free cash flow totalled SEK 1,198 million (SEK 1,117 m).
· Boliden was granted a deficit deduction of SEK 1,557 million,
yielding a tax receipt of SEK 436 million during the first quarter.
· Increased ore reserves and mineral assets.
· Environmental licence granted for Aitik expansion.




Summary of financial performance
Q1 Q1 Full year
SEK m 2008 2007 2007
Revenues 9 303 8 455 33 204
Operating profit 1 231 1 286
(EBIT) 5 428
Profit before tax 1 133 1 261 5 196
Profit after tax
1 1 263 921 3 787
Earnings per
share 2 4.62 3.18 13.37
Free cash flow 3 1 198 1 117 1 212
Return on capital
employed, % 25 28 29
Return on equity,
% 4 39 22 26
Net debt/
Shareholders’
equity, % 31 -8 43
1) of which SEK 436 million are tax receipt
2)of which 1.59 are tax receipt
3)refers to cash flow before financing operations
4)of which 13% are tax receipt

Contact persons for information:


Lennart Evrell, President &
CEO
Tel:+46 70 208 32 13
lennart.evrell@boliden.com

Carina Wång, Acting
CFO
Tel:+46 70 208 32 13
carina.wang@boliden.com

See attached the complete Interim Report

www.boliden.com