Interim Report, January-March 2009

Positive result in a continued weak market

Q1 2009

• Revenues fell by 37 per cent, totalling SEK 5,879 million (SEK 9,303 m)
• The operating profit totalled SEK 788 million (SEK 1,231 m). Excluding the revaluation of the smelters’ process stocks, it totalled SEK 269 million (SEK 926 m)
• Cutbacks in copper production at the smelters
• The free cash flow totalled SEK -1,811 million (SEK 1,198 m), primarily due to higher stocks
• Earnings per share totalled SEK 2.06 (SEK 4.62)


Contact persons for information:

Lennart Evrell, President & CEO Tel: (exchange): +46 8 610 15 00

Johan Fant, CFO Tel: (exchange): +46 8 610 15 00

Frans Benson, Head of Investor Relations Tel: +46 8 610 15 23


See attached the complete Interim Report