Boliden Q2 2025: New mines are successfully on board
Boliden (BDNNY) released its Q2 2025 earnings report, showing mixed results amid challenging market conditions. The company reported revenues of SEK 22,285 million, down from SEK 22,748 million, while operating profit decreased to SEK 1,094 million from SEK 4,814 million year-over-year.
Key highlights include record mine production at Aitik and successful consolidation of Somincor and Zinkgruvan mines. The company maintained a relatively low net debt/equity ratio of 29% despite significant acquisitions totaling SEK 14,389 million. Free cash flow excluding acquisitions was SEK 2,035 million, though including acquisitions it was negative at SEK -12,354 million.
Operating challenges included negative impacts from a weaker USD (SEK -600 million), lower treatment charges, and planned maintenance in Smelters affecting operating profit by SEK -400 million.
Boliden (BDNNY) ha pubblicato il rapporto sugli utili del secondo trimestre 2025, mostrando risultati contrastanti in un contesto di mercato difficile. L'azienda ha registrato ricavi pari a 22.285 milioni di SEK, in calo rispetto ai 22.748 milioni di SEK precedenti, mentre l'utile operativo è diminuito a 1.094 milioni di SEK rispetto ai 4.814 milioni di SEK dell'anno precedente.
Tra i punti salienti si segnalano una produzione record nella miniera di Aitik e la riuscita integrazione delle miniere Somincor e Zinkgruvan. Nonostante acquisizioni significative per un totale di 14.389 milioni di SEK, la società ha mantenuto un rapporto netto debito/patrimonio relativamente basso, pari a 29%. Il flusso di cassa libero escludendo le acquisizioni è stato di 2.035 milioni di SEK, mentre includendo le acquisizioni si è attestato negativo a -12.354 milioni di SEK.
Le sfide operative hanno incluso impatti negativi dovuti a un dollaro USA più debole (SEK -600 milioni), minori tariffe di trattamento e manutenzioni programmate negli impianti di fusione, che hanno inciso sull'utile operativo per -400 milioni di SEK.
Boliden (BDNNY) publicó su informe de resultados del segundo trimestre de 2025, mostrando resultados mixtos en medio de condiciones de mercado desafiantes. La compañía reportó ingresos de 22.285 millones de SEK, una disminución respecto a los 22.748 millones de SEK, mientras que el beneficio operativo cayó a 1.094 millones de SEK desde los 4.814 millones de SEK interanuales.
Los aspectos destacados incluyen una producción récord en la mina Aitik y la exitosa consolidación de las minas Somincor y Zinkgruvan. La empresa mantuvo una relación neta deuda/capital relativamente baja del 29% a pesar de adquisiciones significativas por un total de 14.389 millones de SEK. El flujo de caja libre excluyendo adquisiciones fue de 2.035 millones de SEK, aunque incluyendo las adquisiciones fue negativo en SEK -12.354 millones.
Los desafíos operativos incluyeron impactos negativos por un dólar estadounidense más débil (SEK -600 millones), menores cargos por tratamiento y mantenimiento planificado en las fundiciones que afectaron el beneficio operativo en SEK -400 millones.
Boliden (BDNNY)는 2025년 2분기 실적 보고서를 발표하며 어려운 시장 상황 속에서 엇갈린 결과를 보였습니다. 회사는 매출액이 222억 8,500만 SEK로 전년 동기 227억 4,800만 SEK에서 감소했으며, 영업이익은 10억 9,400만 SEK로 전년 48억 1,400만 SEK에서 줄었습니다.
주요 성과로는 Aitik 광산의 기록적인 생산량과 Somincor 및 Zinkgruvan 광산의 성공적인 통합이 포함됩니다. 회사는 총 143억 8,900만 SEK의 대규모 인수에도 불구하고 순부채/자본 비율을 29%로 비교적 낮게 유지했습니다. 인수를 제외한 자유 현금 흐름은 20억 3,500만 SEK였으나, 인수를 포함하면 -123억 5,400만 SEK로 마이너스를 기록했습니다.
운영상의 어려움으로는 약화된 미국 달러로 인한 부정적 영향(SEK -6억), 낮은 처리 수수료, 제련소의 계획된 유지보수가 영업이익에 -4억 SEK의 영향을 미쳤습니다.
Boliden (BDNNY) a publié son rapport financier du deuxième trimestre 2025, affichant des résultats mitigés dans un contexte de marché difficile. La société a déclaré un chiffre d'affaires de 22 285 millions de SEK, en baisse par rapport à 22 748 millions de SEK, tandis que le bénéfice d'exploitation a diminué à 1 094 millions de SEK contre 4 814 millions de SEK d'une année sur l'autre.
Les points forts incluent une production record à la mine d'Aitik et la consolidation réussie des mines de Somincor et Zinkgruvan. Malgré des acquisitions importantes totalisant 14 389 millions de SEK, l'entreprise a maintenu un ratio dette nette/fonds propres relativement bas de 29%. Le flux de trésorerie disponible hors acquisitions s'est élevé à 2 035 millions de SEK, tandis qu'en incluant les acquisitions, il était négatif à -12 354 millions de SEK.
Les défis opérationnels comprenaient des impacts négatifs dus à un dollar américain plus faible (SEK -600 millions), des frais de traitement plus bas et des maintenances planifiées dans les fonderies, affectant le bénéfice d'exploitation de -400 millions de SEK.
Boliden (BDNNY) veröffentlichte seinen Ergebnisbericht für das zweite Quartal 2025 und zeigte gemischte Ergebnisse in einem herausfordernden Marktumfeld. Das Unternehmen meldete Umsätze von 22.285 Millionen SEK, ein Rückgang gegenüber 22.748 Millionen SEK, während der operative Gewinn von 4.814 Millionen SEK auf 1.094 Millionen SEK sank.
Zu den wichtigsten Highlights zählen eine Rekordproduktion in der Mine Aitik und die erfolgreiche Konsolidierung der Minen Somincor und Zinkgruvan. Trotz bedeutender Akquisitionen im Gesamtwert von 14.389 Millionen SEK hielt das Unternehmen eine relativ niedrige Netto-Schulden-/Eigenkapitalquote von 29% aufrecht. Der freie Cashflow ohne Akquisitionen betrug 2.035 Millionen SEK, inklusive Akquisitionen war er jedoch mit SEK -12.354 Millionen negativ.
Betriebliche Herausforderungen umfassten negative Auswirkungen durch einen schwächeren USD (SEK -600 Millionen), geringere Behandlungskosten sowie geplante Wartungsarbeiten in den Hütten, die den operativen Gewinn um SEK -400 Millionen belasteten.
- Record mine production achieved at Aitik facility
- Strong underlying cash flow despite market challenges
- Successful consolidation of Somincor and Zinkgruvan mines
- Maintained low net debt/equity ratio of 29% post-acquisition
- Positive free cash flow of SEK 2,035M excluding acquisitions
- Operating profit declined 77% to SEK 1,094M from SEK 4,814M YoY
- Revenue decreased to SEK 22,285M from SEK 22,748M
- Negative free cash flow of SEK -12,354M including acquisitions
- Negative SEK 600M impact from weaker USD
- Higher maintenance costs affecting operating profit (SEK -400M)
- Lower treatment charges impacting profitability
"Our underlying cash flow is strong and our production all-in-all is stable, despite challenging market conditions and extensive planned maintenance during the quarter" - Mikael Staffas, President and CEO.
Financials
- Revenues:
SEK 22,285 m (22,748) - Operating profit:
SEK 1,094 m (4,814) - Operating profit excl. PIR*:
SEK 1,281 m (4,000) - Free cash flow:
SEK -12,354 m (401) - Earnings per share:
SEK 2.02 (13.20)
*Process Inventory Revaluation
Highlights
- Operating profit excluding revaluation of process inventory totaled
SEK 1,281 m, including items affecting comparability ofSEK -126 m (SEK 4,000 m, includingSEK 2,042 m items affecting comparability) - Free cash flow excluding the acquisition was
SEK 2,035 m - Free cash flow was
SEK -12,354 m (401) including the consideration for acquisitions ofSEK -14,389 m (0) - Net debt/equity ratio at low
29% (24), despite the significant acquisition - A weaker USD contributed negatively with around
SEK -600 m versus both the previous quarter and the second quarter of 2024 - Lower treatment charges contributed negatively versus both the previous quarter and the second quarter of 2024
- Well executed, more extensive, planned maintenance in Smelters with a
SEK -400 m (-350) impact on operating profit - Somincor and Zinkgruvan were consolidated into Boliden per April 16
- Record mine production (waste rock and ore) at Aitik
The Interim Report will be presented via webcast/conference call on Friday, July 18 at 09:30 (CEST). Information is available at www.boliden.com.
For further information, please contact:
Olof Grenmark
Director Investor Relations
+46-70 291 57 80
olof.grenmark@boliden.com
This information is information that Boliden AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 07:45 CEST on July 18, 2025.
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/boliden/r/boliden-q2-2025--new-mines-are-successfully-on-board,c4208489
The following files are available for download:
Boliden - Interim report Q2 2025 | |
https://mb.cision.com/Public/997/4208489/aed05ee229f61a5a.pdf | Press release |
View original content:https://www.prnewswire.com/news-releases/boliden-q2-2025-new-mines-are-successfully-on-board-302508522.html
SOURCE Boliden
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