Boliden: Q2 Interim Report 2023
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Q2 2023
- Revenues totaled
SEK 18,442 m (21,568) - The operating profit totaled
SEK 874 m (4,078) - The operating profit, excluding revaluation of process inventory, totaled
SEK 833 m (4,532) - Free cash flow totaled
SEK -3,770 m (2,038) - Earnings per share totaled
SEK 1.90 (11.54)
Fire in Rönnskär and low grades in Mines
- The electrolysis plant in Rönnskär totally destroyed due to fire, however other parts of production have restarted.
- Operating profit excluding process inventory totaled
SEK 833 m (4,532) - Free cash flow was
SEK -3,770 m (2,038) due to lower earnings, greater investments and increased tied-up working capital as a result of maintenance shutdown in Harjavalta and the fire in Rönnskär. - Deterioration in prices and terms.
- Major planned maintenance shutdowns in Smelters.
- Low production of metals in concentrate within Mines due to low grades.
- High inflation although easing.
- Tara mine placed under care and maintenance.
Please find enclosed the full report.
The Interim Report will be presented via a webcast/conference call on Thursday,
July 20, 2023, 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 |
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 CET, July 20, 2023.
The following files are available for download:
Report (PDF) |
View original content:https://www.prnewswire.com/news-releases/boliden-q2-interim-report-2023-301881811.html
SOURCE Boliden