Boliden: Q2 Interim Report for 2017

BOLIDEN, Sweden, July 20, 2017

• Revenues totalled SEK 11,554 m (9,596)

• The operating profit totalled SEK 1,916 m (912)

• The operating profit, excluding the revaluation of process inventory, totalled SEK 2,196 m (901) 

• Free cash flow totalled SEK 2,152 m (-4,794)

• Earnings per share totalled SEK 5.34 (2.26)

High mined production and strong cash flow

• The operating profit, excluding revaluation of process inventory, increased to SEK 2,196 m (901) due to improved metal prices and high mined production. 

• Maintenance shutdowns at the smelters were charged to the profit of SEK 260 m (210) and items affecting comparability impacted the profit with SEK 0 m (209).

• The free cash flow totalled SEK 2,152 m (-4,794). The acquisition of the Kevitsa mine affected the cash flow during the second quarter 2016 with slightly below SEK 6 billion.

• The net debt/equity ratio decreased during the quarter from 27% to 25%. The dividend paid during the quarter totalled SEK 1,436 m.

Please find enclosed the full report.

The Interim Report will be presented via a webcast/conference call on Thursday, 20 July at 09:00 (CET). Information is available at www.boliden.com.

Contact persons for information:

Lennart Evrell
President & CEO
Tel: +46-8-610-15-00

Håkan Gabrielsson
CFO
Tel: +46-8-610-15-00