Boliden's Q1 2025: A solid start to our second century
Rhea-AI Summary
Boliden (BDNNY) reported strong Q1 2025 financial results with revenues of SEK 21,121 million, up from SEK 18,481 million year-over-year. Operating profit more than doubled to SEK 3,062 million from SEK 1,615 million, while earnings per share increased to SEK 7.99 from SEK 4.16.
The company's performance was boosted by higher metal prices and a stronger USD, though partially offset by strikes in Finland impacting operations by SEK -100 million. Free cash flow was negative at SEK -1,869 million, affected by increased working capital but benefiting from SEK 350 million in insurance proceeds. The quarter saw lower milled volume and recoveries in Aitik, while Tara's ramp-up progressed well and Odda began commissioning its expansion project.
Notably, Boliden successfully raised SEK 3.75 billion through a directed share issue during the quarter.
Positive
- Revenue increased 14.3% YoY to SEK 21,121 million
- Operating profit jumped 89.6% to SEK 3,062 million
- EPS nearly doubled to SEK 7.99 from SEK 4.16
- Successfully raised SEK 3.75 billion through share issue
- Positive impact from higher metal prices and stronger USD
Negative
- Negative free cash flow of SEK -1,869 million
- Lower milled volume and recoveries in Aitik operations
- Strike impact in Finland of SEK -100 million
- Lower treatment charges and premiums affecting profitability
"We are proud to build a European base metal champion."
- Mikael Staffas, President and CEO.
Financials
- Revenues:
SEK 21,121 m (18,481) - Operating profit:
SEK 3,062 m (1,615) - Operating profit excl. PIR*:
SEK 2,599 m (1,212) - Free cash flow:
SEK -1,869 m (-1,508) - Earnings per share:
SEK 7.99 (4.16)
*Process Inventory Revaluation
Highlights
- Operating profit excluding revaluation of process inventory totaled
SEK 2,599 m (1,212) - Strikes in
Finland had an estimatedSEK -100 m (-400) effect on operating profit - Free cash flow was
SEK -1,869 m (-1,508) negatively impacted by an increase in working capital but positively impacted bySEK 350 m insurance proceeds - Higher metal prices and a stronger USD contributed positively versus the first quarter of 2024
- Lower milled volume and recoveries in Aitik
- The ramp-up of Tara is progressing well
- Odda has started the commissioning of its expansion project
- Lower treatment charges and premiums
- Boliden raised
SEK 3.75 billion from a directed share issue
The Interim Report will be presented via webcast/conference call on Tuesday, April 23 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. The information was submitted for publication, through the agency of Director Investor Relations, at 07:45 CEST on April 23, 2025.
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/boliden/r/boliden-s-q1-2025--a-solid-start-to-our-second-century,c4138441
The following files are available for download:
Report | |
https://mb.cision.com/Public/997/4138441/a3ea1a0162823bcb.pdf | Press release |
View original content:https://www.prnewswire.com/news-releases/bolidens-q1-2025-a-solid-start-to-our-second-century-302435411.html
SOURCE Boliden
FAQ
What were Boliden's (BDNNY) Q1 2025 earnings per share?
How much revenue did Boliden (BDNNY) generate in Q1 2025?
What was the impact of Finnish strikes on Boliden's Q1 2025 results?
How much capital did Boliden raise through its share issue in Q1 2025?
What factors affected Boliden's free cash flow in Q1 2025?
