Boliden Q3 2024: High production, stronger results
Boliden reported strong Q3 2024 results, with high production and improved financial performance. Revenues increased to SEK 22,193 million from SEK 19,396 million in the previous year. Operating profit rose to SEK 3,165 million from SEK 1,912 million, while operating profit excluding process inventory revaluation reached SEK 2,999 million, up from SEK 1,940 million. Free cash flow improved to SEK -495 million from SEK -1,200 million.
Key highlights include improved prices and terms, enhanced production in both Mines and Smelters, and a record milled volume in Garpenberg. Several expansion projects are nearing completion, including those in the Boliden Area, Odda, and Aitik. The company is also progressing with the construction of a new tankhouse in Rönnskär and paste and dewatering facilities in the Boliden Area. Additionally, preparations are underway to restart mine production in Tara.
Boliden ha riportato risultati forti per il terzo trimestre del 2024, con alta produzione e miglioramento delle prestazioni finanziarie. I ricavi sono aumentati a 22.193 milioni di SEK da 19.396 milioni di SEK nell'anno precedente. Il profitto operativo è salito a 3.165 milioni di SEK rispetto ai 1.912 milioni di SEK, mentre il profitto operativo escludendo la rivalutazione delle scorte di processo ha raggiunto 2.999 milioni di SEK, in aumento rispetto ai 1.940 milioni di SEK. Il flusso di cassa libero è migliorato a -495 milioni di SEK rispetto a -1.200 milioni di SEK.
Tra i punti salienti ci sono i prezzi e le condizioni migliorate, un potenziamento della produzione sia nelle Miniere che nelle Fonderie, e un volume di macinazione record a Garpenberg. Vari progetti di espansione sono in fase di completamento, inclusi quelli nell'Area di Boliden, Odda e Aitik. L'azienda sta anche procedendo con la costruzione di una nuova tankhouse a Rönnskär e di impianti di pastificazione e disidratazione nell'Area di Boliden. Inoltre, sono in corso preparativi per il riavvio della produzione mineraria a Tara.
Boliden informó sobre resultados sólidos en el tercer trimestre de 2024, con alta producción y mejora en el desempeño financiero. Los ingresos aumentaron a 22,193 millones de SEK desde 19,396 millones de SEK en el año anterior. El beneficio operativo se elevó a 3,165 millones de SEK en comparación con 1,912 millones de SEK, mientras que el beneficio operativo excluyendo la revalorización del inventario de procesos alcanzó 2,999 millones de SEK, en comparación con 1,940 millones de SEK. El flujo de caja libre mejoró a -495 millones de SEK frente a -1,200 millones de SEK.
Los aspectos destacados incluyen precios y condiciones mejoradas, un aumento en la producción tanto en Minas como en Fundiciones, y un volumen de molienda récord en Garpenberg. Varios proyectos de expansión están cerca de completarse, incluidos los en el Área de Boliden, Odda y Aitik. La empresa también está avanzando en la construcción de una nueva casa de tanque en Rönnskär y de instalaciones de pastificación y deshidratación en el Área de Boliden. Además, se están realizando preparativos para reiniciar la producción minera en Tara.
Boliden은 2024년 3분기 강력한 실적을 발표했으며, 높은 생산량과 향상된 재무 성과를 보였습니다. 수익은 19,396 백만 SEK에서 22,193 백만 SEK로 증가했습니다. 영업 이익은 1,912 백만 SEK에서 3,165 백만 SEK로 증가했습니다. 영업 이익은 공정 재고 재평가를 제외하고 1,940 백만 SEK에서 2,999 백만 SEK로 증가했습니다. 자유 현금 흐름은 -1,200 백만 SEK에서 -495 백만 SEK로 개선되었습니다.
주요 하이라이트로는 개선된 가격과 조건, 광산 및 제련소 모두에서의 생산 증대, Garpenberg의 기록적인 분쇄량이 포함됩니다. Boliden 지역, Odda 및 Aitik의 여러 확장 프로젝트가 거의 완료 단계에 있습니다. 회사는 또한 Rönnskär에서 새로운 탱크하우스를 건설하고 Boliden 지역에 펄프와 탈수 시설을 건설하는 데도 진전을 보이고 있습니다. 또한 Tara에서의 광산 생산 재개를 위한 준비가 진행 중입니다.
Boliden a annoncé de bons résultats pour le troisième trimestre 2024, avec une production élevée et une amélioration des performances financières. Les revenus ont augmenté pour atteindre 22 193 millions SEK contre 19 396 millions SEK l'année précédente. Le bénéfice d'exploitation a augmenté à 3 165 millions SEK contre 1 912 millions SEK, tandis que le bénéfice d'exploitation, hors réévaluation des stocks de processus, a atteint 2 999 millions SEK, en hausse par rapport à 1 940 millions SEK. Le flux de trésorerie libre s'est amélioré, passant de -1 200 millions SEK à -495 millions SEK.
Les points forts incluent des prix et des conditions améliorés, une production accrue tant dans les mines que dans les fonderies, et un volume de broyage record à Garpenberg. Plusieurs projets d'expansion sont proches de la réalisation, y compris ceux dans la zone de Boliden, Odda et Aitik. L'entreprise progresse également dans la construction d'une nouvelle tankhouse à Rönnskär et des installations de pâte et de déshydratation dans la zone de Boliden. De plus, des préparatifs sont en cours pour redémarrer la production minière à Tara.
Boliden berichtete über starke Ergebnisse im dritten Quartal 2024, mit hoher Produktion und verbesserter finanzieller Leistung. Die Einnahmen stiegen auf 22.193 Millionen SEK von 19.396 Millionen SEK im Vorjahr. Der Betriebsgewinn stieg auf 3.165 Millionen SEK von 1.912 Millionen SEK, während der Betriebsgewinn ohne Neubewertung des Prozessinventars 2.999 Millionen SEK erreichte, ein Anstieg von 1.940 Millionen SEK. Der freie Cashflow verbesserte sich auf -495 Millionen SEK von -1.200 Millionen SEK.
Wichtige Highlights sind verbesserte Preise und Bedingungen, eine erhöhte Produktion sowohl in Minen als auch in Schmelzen sowie ein Rekordvermahlungsvolumen in Garpenberg. Mehrere Expansionsprojekte stehen kurz vor dem Abschluss, darunter solche im Boliden-Gebiet, Odda und Aitik. Das Unternehmen macht auch Fortschritte beim Bau einer neuen Tankstelle in Rönnskär sowie von Pasten- und Entwässerungseinrichtungen im Boliden-Gebiet. Darüber hinaus laufen die Vorbereitungen für den Neustart der Minenproduktion in Tara.
- Revenues increased by 14.4% year-over-year to SEK 22,193 million
- Operating profit rose by 65.5% to SEK 3,165 million
- Operating profit excluding PIR grew by 54.6% to SEK 2,999 million
- Free cash flow improved by 58.8% to SEK -495 million
- Record milled volume achieved in Garpenberg
- Several expansion projects nearing completion
- Free cash flow remains negative at SEK -495 million
Financials
- Revenues:
SEK 22,193 m (19,396) - Operating profit:
SEK 3,165 m (1,912) - Operating profit excl. PIR*:
SEK 2,999 m (1,940) - Free cash flow:
SEK -495 m (-1,200) - Earnings per share:
SEK 8.34 (4.96)
*Process Inventory Revaluation
Highlights
- Operating profit excluding revaluation of process inventory totaled
SEK 2,999 m (1,940) - Free cash flow was
SEK -495 m (-1,200) - Improved prices and terms
- Improved production in both Mines and Smelters
- Record milled volume in Garpenberg
- The expansion projects in the Boliden Area and Odda as well as the dam project in Aitik are close to completion
- The construction of a new tankhouse in Rönnskär and paste and dewatering facilities in the Boliden Area are on track
- Preparations ongoing to restart mine production in Tara
The Interim Report will be presented via webcast/conference call on Tuesday, October 22 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 October 22, 2024.
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https://news.cision.com/boliden/r/boliden-q3-2024--high-production--stronger-results,c4054222
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Report | |
https://mb.cision.com/Public/997/4054222/b5e1b436850ae1a8.pdf | Press release |
View original content:https://www.prnewswire.com/news-releases/boliden-q3-2024-high-production-stronger-results-302282699.html
SOURCE Boliden
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