Welcome to our dedicated page for Boliden Ab news (Ticker: BDNNY), a resource for investors and traders seeking the latest updates and insights on Boliden Ab stock.
Boliden AB (BDNNY) is a leading European producer of sustainable metals through integrated mining, smelting, and recycling operations. This page serves as a comprehensive resource for stakeholders tracking the organization’s strategic developments, operational milestones, and industry leadership.
Access authoritative updates on earnings reports, infrastructure investments, and technological innovations such as low-carbon metal production. Users can expect coverage of acquisitions, sustainability initiatives, and operational enhancements across Boliden’s mining and processing facilities.
Explore press releases detailing advancements in copper and zinc production, recycling breakthroughs, and environmental performance metrics. The curated news collection supports informed analysis of Boliden’s market position and long-term value drivers.
Bookmark this page for streamlined access to BDNNY’s official communications and third-party analyses, ensuring you remain informed about one of Europe’s most resource-efficient metals producers.
Boliden reported Q1 revenues of SEK 17,083 m, up from SEK 13,210 m in the previous year, with operating profit reaching SEK 2,449 m compared to SEK 1,504 m. The company's free cash flow totaled SEK 2,165 m, a significant increase from -845 m in Q1 2020. The growth was driven by higher metal prices, particularly copper, which positively impacted the Business Area Mines operating profits, up to SEK 1,631 m. However, production disturbances affected Aitik's milled volume.
Boliden, based in Sweden, is set to release its Interim Report for Q1 2021 on April 27 at 07:45 CET. The report will be presented by CEO Mikael Staffas and CFO Håkan Gabrielsson. An analyst conference will follow at 09:30, available via webcast and phone. Participants can join by calling specific numbers provided for Sweden, the UK, and the US, using the PIN code 69409035#. For further inquiries, investors can contact Olof Grenmark, Director of Investor Relations.
Boliden has restored full production capacity in its Aitik and Tara mines following disruptions caused by COVID-19 and equipment breakdowns. The impact on operating profit in the Business Area Mines for Q1 is now estimated at SEK -300 million, up from the previously forecasted SEK -200 million. In Aitik, a delay in repairs extended the outage of one primary mill by nearly three weeks, resulting in a throughput reduction of over 2 million tonnes. Production at the Tara mine resumed as planned after a brief interruption.
Boliden AB will hold its Annual General Meeting on April 27, 2021, with postal voting due to COVID-19. Shareholders must be registered by April 19, 2021, to participate. Key agenda items include reporting on financial results, election of board members, and proposals for a SEK 8.25 dividend and automatic share redemption of SEK 6 per share. A share split of 2:1 is also recommended, increasing shares from 273.5 million to 547 million. The company emphasizes a strong financial position, intending to distribute approximately SEK 3.9 billion to shareholders.
Boliden reports a stable situation in mineral resources and reserves for its mines in Aitik, Garpenberg, and Kevitsa as of 2020. Exploration activities have increased Mineral Resources in the Boliden Area due to successful drilling at the Rävliden deposit. Aitik's Mineral Reserves rose by 165 Mtonnes (14%), while Mineral Resources declined by 210 Mtonnes (19%). However, Garpenberg saw a 14.7 Mtonnes (20%) increase in Mineral Reserves. The cost of exploration reached SEK 504 million, with some disruptions due to Covid-19. Overall, improvements are evident across several sites despite some reductions in reserves.
Boliden reported strong financial results for Q4 2020, with revenues reaching SEK 16,170 m and operating profit hitting SEK 3,043 m. For the full year, revenues totaled SEK 56,321 m with operating profit at SEK 8,438 m. Free cash flow for the quarter was robust at SEK 2,750 m. Positive developments were noted at the Kevitsa mine and in smelting operations, while the Kylylahti mine is in reclamation. Boliden is focusing on sustainability by applying for membership in the International Council on Metals and Mining.
Boliden reported a robust performance for Q4 2020, achieving revenues of SEK 16,170 million, up from SEK 12,972 million. The operating profit surged to SEK 3,077 million, compared to SEK 1,744 million in the prior year. Excluding inventory revaluation, operating profit was SEK 3,043 million. Free cash flow improved significantly to SEK 2,750 million, up from SEK 822 million. Earnings per share rose to SEK 8.60 from SEK 4.97. The Board proposed a total payment of SEK 14.25 per share, consisting of an ordinary dividend and an extra payment.
Boliden announced the release date for its Q3 2020 Interim Report, set for October 28 at 07:45 CET. The report will be presented during a press and analyst conference at 09:30 CET in Stockholm, led by President and CEO Mikael Staffas and CFO Håkan Gabrielsson. Participants can join via telephone or live webcast. For the conference call, dial in five minutes early using the provided numbers for Sweden, the UK, and the US.
Boliden has announced a significant investment of EUR 40 million for expanding its nickel operations at Boliden Harjavalta, set to start in 2021. The expansion will increase the annual raw material feed capacity from 310 to 370 ktonnes and includes upgrades to the concentrate dryer and electric smelting furnace. This initiative will enhance productivity and decrease carbon dioxide intensity per tonne of nickel produced by 15-20%. Boliden Harjavalta is the EU's largest nickel smelter, poised to meet rising demands from the battery manufacturing sector.
FAQ
What is the current stock price of Boliden Ab (BDNNY)?
What is the market cap of Boliden Ab (BDNNY)?
