Boliden : Q1 Interim Report 2021
Boliden reported strong Q1 2021 results with revenues of SEK 17,083 million, up from SEK 13,210 million.
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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.
Details
News Market Reaction – BDNNY
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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:
The full report (PDF) |
View original content:http://www.prnewswire.com/news-releases/boliden--q1-interim-report-2021-301277458.html
SOURCE Boliden
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