Boliden: Q3 Interim Report 2021

Rhea-AI Summary

Boliden's Q3 2021 report indicates revenues of SEK 15,906 m, up from SEK 13,550 m in Q3 2020. However, operating profit fell to SEK 2,305 m from SEK 2,622 m the previous year, with free cash flow decreasing to SEK 962 m. Earnings per share also dipped to SEK 6.57, down from SEK 7.44. The company faced production disruptions in mines and smelters despite high metal prices. A conference call is scheduled for October 22 to discuss the full report.

Positive

• Revenue increased to SEK 15,906 m from SEK 13,550 m year-on-year.
• Operating profit excluding inventory revaluation rose to SEK 2,419 m from SEK 2,258 m.

Negative

• Operating profit decreased to SEK 2,305 m from SEK 2,622 m year-on-year.
• Free cash flow dropped to SEK 962 m from SEK 1,878 m.

BOLIDEN, Sweden, Oct. 22, 2021 /PRNewswire/ -- Q3 2021 

• Revenues totaled SEK 15,906 m (13,550)
• The operating profit totaled SEK 2,305 m (2,622)
• The operating profit, excluding revaluation of process inventory, totaled SEK 2,419 m (2,258)
• Free cash flow totaled SEK 962 m (1,878)
• Earnings per share totaled SEK 6.57 (7.44)

Stable result despite disruptions in production         

• Continued high metal prices but slightly lower than in the previous quarter.
• Production disruptions in Mines and Smelters.

Please find enclosed the full report.

The Interim Report will be presented via a webcast/conference call on Friday, October 22 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
Håkan Gabrielsson, CFO                                       Tel: +46 8 610 15 00
Olof Grenmark, Director Investor Relations           Tel: +46 70 291 57 80
Email: 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 CET on October 22, 2021.

Boliden is a metals company with a focus on sustainable development. Our roots are Nordic, our market global. Our core competence lies within the fields of exploration, mining, smelting and metal recycling. Boliden has around 6,000 employees and an annual turnover of SEK 50 billion. The share is listed in the Large Cap segment on NASDAQ OMX Stockholm.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/boliden/r/q3-interim-report-2021,c3438093

The following files are available for download:

https://mb.cision.com/Main/997/3438093/1484658.pdf

Report (EN)

View original content:https://www.prnewswire.com/news-releases/boliden-q3-interim-report-2021-301406451.html

SOURCE Boliden

FAQ

What were Boliden's Q3 2021 revenues?

Boliden's Q3 2021 revenues totaled SEK 15,906 m.

How did Boliden's operating profit change in Q3 2021?

Operating profit in Q3 2021 decreased to SEK 2,305 m from SEK 2,622 m in Q3 2020.

What was Boliden's earnings per share in Q3 2021?

Boliden's earnings per share for Q3 2021 were SEK 6.57.

When is Boliden's Q3 2021 report presentation?

Boliden's Q3 2021 report will be presented on October 22, 2021.

What production issues did Boliden face in Q3 2021?

Boliden encountered production disruptions in both mines and smelters during Q3 2021.