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Boliden's Q1 2025: A solid start to our second century

News Provided by PR Newswire2025-04-23

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Boliden's Q1 2025: A solid start to our second century

[23-April-2025]

STOCKHOLM, April 23, 2025 /PRNewswire/ --

"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 estimated SEK -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 by SEK 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

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