Boliden : Q1 Interim Report 2021

Rhea-AI Summary

Boliden reported strong Q1 2021 results with revenues of SEK 17,083 million, up from SEK 13,210 million. The operating profit surged to SEK 2,779 million from SEK 1,435 million. Excluding revaluation of process inventory, operating profit was SEK 2,449 million, up from SEK 1,504 million. The company achieved a free cash flow of SEK 2,165 million, improving significantly from a negative flow of SEK 845 million. Earnings per share rose to SEK 7.96, compared to SEK 3.90 in the previous year.

Positive

• Revenues increased to SEK 17,083 million from SEK 13,210 million.
• Operating profit rose to SEK 2,779 million, significantly up from SEK 1,435 million.
• Free cash flow improved to SEK 2,165 million from a negative SEK 845 million.
• Earnings per share increased to SEK 7.96 from SEK 3.90.

Negative

• Production disruptions in Mines reported despite stable production in Smelters.
• Lower treatment charges noted alongside higher metal prices.

STOCKHOLM, April 27, 2021 /PRNewswire/ --

Revenues totaled SEK 17,083 m (13,210)            

• The operating profit totaled SEK 2,779 m (1,435)            
• The operating profit, excluding revaluation of process inventory, totaled SEK 2,449 m (1,504)           
• Free cash flow was SEK 2,165 m (-845)            
• Earnings per share totaled SEK 7.96 (3.90)

Strong cash flow           

• Free cash flow was SEK 2,165 m (-845).           
• Higher metal prices, but lower treatment charges.           
• Production disruptions in Mines.           
• Stable production in Smelters.

Please find enclosed the full report.

The Interim Report will be presented via a webcast/conference call on Tuesday, April 27 at 09:30 (CET). Information is available at www.boliden.com. 

Contact persons for information:

Mikael Staffas, President & CEO                      Tel: +46 8 610 15 00
Håkan Gabrielsson, CFO                                  Tel: +46 8 610 15 00
Olof Grenmark, Director Investor Relations      Tel: +46 70 291 57 80

This information is information that Boliden AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of Director Investor Relations, at 07:45 CET on April 27, 2021.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/boliden/r/q1-interim-report-2021,c3333973

The following files are available for download:

https://mb.cision.com/Main/997/3333973/1407799.pdf

The full report (PDF)

 

View original content:http://www.prnewswire.com/news-releases/boliden--q1-interim-report-2021-301277458.html

SOURCE Boliden

FAQ

What were Boliden's revenues for Q1 2021?

Boliden's revenues for Q1 2021 totaled SEK 17,083 million.

What is Boliden's operating profit for Q1 2021?

The operating profit for Q1 2021 was SEK 2,779 million.

What was the free cash flow reported by Boliden in Q1 2021?

Boliden reported a free cash flow of SEK 2,165 million in Q1 2021.

How much did Boliden earn per share in Q1 2021?

Boliden's earnings per share for Q1 2021 were SEK 7.96.

What production issues did Boliden face in Q1 2021?

Boliden experienced production disruptions in its Mines during Q1 2021.