Boliden Q4 2024: Future-proofing Boliden - Announced acquisition, improved performance and strong cash flow
Boliden reported strong Q4 2024 financial results with revenues of SEK 25,785m (up from 20,754m) and operating profit of SEK 4,098m (up from 2,096m). The company demonstrated significant improvement in free cash flow, reaching SEK 4,264m compared to 1,663m in the previous year.
Key operational highlights include higher production volumes in both Mines and Smelters segments, particularly strong performance in the Boliden Area and Garpenberg mines, and robust operations at Finnish smelting units Harjavalta and Kokkola. The company announced the completion of the Aitik dam project and near-completion of the Odda expansion project.
Notably, Boliden has agreed to acquire mines Neves-Corvo and Zinkgruvan from Lundin Mining. The Board has proposed to cancel the ordinary dividend for 2024 to reduce the proposed share issue amount related to this acquisition.
Boliden ha riportato solidi risultati finanziari per il quarto trimestre del 2024, con ricavi di SEK 25.785 milioni (rispetto ai 20.754 milioni) e un utile operativo di SEK 4.098 milioni (rispetto ai 2.096 milioni). L'azienda ha dimostrato un significativo miglioramento del flusso di cassa libero, raggiungendo SEK 4.264 milioni rispetto a 1.663 milioni dell'anno precedente.
I principali punti salienti operativi includono volumi di produzione più elevati sia nel segmento Miniere che in quello degli Impianti di Fusione, con prestazioni particolarmente forti nelle miniere dell'Area di Boliden e di Garpenberg, e operazioni solide negli impianti di fusione finlandesi di Harjavalta e Kokkola. L'azienda ha annunciato il completamento del progetto della diga di Aitik e la quasi conclusione del progetto di espansione di Odda.
È notevole che Boliden abbia concordato l'acquisizione delle miniere Neves-Corvo e Zinkgruvan da Lundin Mining. Il Consiglio ha proposto di annullare il dividendo ordinario per il 2024 per ridurre l'importo dell'emissione azionaria proposta relativa a questa acquisizione.
Boliden informó resultados financieros sólidos para el cuarto trimestre de 2024, con ingresos de SEK 25.785 millones (frente a 20.754 millones) y un beneficio operativo de SEK 4.098 millones (frente a 2.096 millones). La compañía mostró una mejora significativa en el flujo de caja libre, alcanzando SEK 4.264 millones en comparación con 1.663 millones el año anterior.
Los aspectos destacados operativos incluyen un mayor volumen de producción tanto en los segmentos de Minas como de Fundiciones, con un rendimiento particularmente fuerte en las minas del Área de Boliden y Garpenberg, y operaciones robustas en las unidades de fundición finlandesas de Harjavalta y Kokkola. La empresa anunció la finalización del proyecto de la represa de Aitik y la casi finalización del proyecto de expansión de Odda.
Es notable que Boliden haya acordado adquirir las minas Neves-Corvo y Zinkgruvan de Lundin Mining. La Junta ha propuesto cancelar el dividendo ordinario para 2024 para reducir el monto de la emisión de acciones propuesta relacionada con esta adquisición.
Boliden은 2024년 4분기 재무 결과를 강력하게 보고했으며, 수익은 25,785백만 SEK(20,754백만에서 증가)이고 운영 이익은 4,098백만 SEK(2,096백만에서 증가)입니다. 회사는 자유 현금 흐름에서 상당한 개선을 보여주었으며, 전년의 1,663백만과 비교해 4,264백만 SEK에 도달했습니다.
주요 운영 하이라이트에는 광산 및 제련소 부문의 생산량 증가가 포함되며, 특히 Boliden 지역과 Garpenberg 광산에서의 강력한 성과, 핀란드 제련 설비인 Harjavalta와 Kokkola에서의 견조한 운영이 포함됩니다. 회사는 Aitik 댐 프로젝트의 완료와 Odda 확장 프로젝트의 거의 완료를 발표했습니다.
특히 Boliden은 Lundin Mining으로부터 Neves-Corvo 및 Zinkgruvan 광산을 인수하기로 합의했습니다. 이사회는 이 인수와 관련된 제안된 주식 발행 금액을 줄이기 위해 2024년의 보통 배당금을 취소할 것을 제안했습니다.
Boliden a rapporté des résultats financiers solides pour le quatrième trimestre 2024, avec des revenus de 25,785 millions SEK (contre 20,754 millions) et un bénéfice d'exploitation de 4,098 millions SEK (contre 2,096 millions). L'entreprise a montré une amélioration significative des flux de trésorerie libres, atteignant 4,264 millions SEK par rapport à 1,663 millions l'année précédente.
Les principaux points forts opérationnels incluent des volumes de production plus élevés tant dans les segments Mines que Fonderies, avec des performances particulièrement solides dans les mines de la région de Boliden et de Garpenberg, ainsi qu'une exploitation robuste dans les unités de fusion finlandaises de Harjavalta et Kokkola. L'entreprise a annoncé l'achèvement du projet de barrage d'Aitik et la quasi-finale du projet d'extension de Odda.
Il est à noter que Boliden a convenu d'acquérir les mines Neves-Corvo et Zinkgruvan de Lundin Mining. Le Conseil a proposé d'annuler le dividende ordinaire pour 2024 afin de réduire le montant de l'émission d'actions proposé en lien avec cette acquisition.
Boliden berichtete über starke finanzielle Ergebnisse für das vierte Quartal 2024 mit Einnahmen von 25.785 Mio. SEK (im Vergleich zu 20.754 Mio.) und einem operativen Gewinn von 4.098 Mio. SEK (im Vergleich zu 2.096 Mio.). Das Unternehmen hat eine signifikante Verbesserung des freien Cashflows gezeigt, der 4.264 Mio. SEK erreichte im Vergleich zu 1.663 Mio. im Vorjahr.
Wichtige betriebliche Höhepunkte umfassen höhere Produktionsmengen in sowohl den Segmente Bergwerke als auch Hütten, insbesondere starke Leistungen in den Bergwerken des Boliden-Gebiets und Garpenberg, sowie robuste Betriebe in den finnischen Schmelzeeinheiten Harjavalta und Kokkola. Das Unternehmen gab den Abschluss des Aitik-Dammprojekts und die nahezu Fertigstellung des Odda-Erweiterungsprojekts bekannt.
Bemerkenswert ist, dass Boliden vereinbart hat, die Bergwerke Neves-Corvo und Zinkgruvan von Lundin Mining zu erwerben. Der Vorstand hat vorgeschlagen, die ordentlichen Dividenden für 2024 auszusetzen, um den vorgeschlagenen Betrag der Aktienemission, der mit dieser Akquisition verbunden ist, zu reduzieren.
- Revenue increased 24.2% to SEK 25,785m
- Operating profit nearly doubled to SEK 4,098m
- Free cash flow significantly improved to SEK 4,264m
- Higher production volumes across both Mines and Smelters segments
- Strategic acquisition of Neves-Corvo and Zinkgruvan mines
- Cancellation of ordinary dividend for 2024
- Planned share issue for acquisition financing
- Revenues:
SEK 25,785 m (20,754) - Operating profit:
SEK 4,098 m (2,096) - Operating profit excl. PIR*:
SEK 3,814 m (2,017) - Free cash flow:
SEK 4,264 m (1,663) - Earnings per share:
SEK 10.95 (6.06)
*Process Inventory Revaluation
- Free cash flow was
SEK 4,264 m (1,663) partly thanks to working capital release - Prices and terms contributed positively
- Higher volumes in both Mines and Smelters versus fourth quarter of 2023
- Ramp-up of mine production in Tara
- The dam project in Aitik is completed and expansion project in Odda is close to completion
- Strong production in Smelters, especially at Harjavalta and Kokkola
- Agreement to acquire the mines Neves-Corvo and Zinkgruvan from Lundin Mining
- The Board of Directors proposes to cancel the ordinary dividend for 2024, in order to reduce the proposed share issue with the corresponding amount
The Interim Report will be presented via webcast/conference call on Thursday, February 6 at 09:30 (CET). 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 CET on February 6, 2025.
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
Report | |
https://mb.cision.com/Public/997/4100975/96bff23a18ef2805.pdf | Press release |
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SOURCE Boliden
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