Q1 2014 INTERIM REPORT

Q1 2014 · Revenues totalled SEK 8,550 million (SEK 9,249 m) · The operating profit totalled SEK 265 million (SEK 695 m) · The operating profit, excluding the revaluation of process inventory, totalled SEK 385 million (SEK 751 m) · Free cash flow totalled SEK -432 million (SEK -220 m) · Earnings per share totalled SEK 0.56 (SEK 1.86) Falling profit due to lower prices. Pilot operations at the new Garpenberg mine. · The operating profit, excluding the revaluation of process inventory, totalled SEK 385 million (SEK 751 m). The year on year decline was due to a