Boliden: Q4 Interim Report and year-end report for 2022

Rhea-AI Summary

Boliden AB reported a strong financial performance for Q4 2022, with revenues reaching SEK 23,577 million, up from SEK 17,755 million in the prior year. The operating profit increased slightly to SEK 3,229 million, and excluding inventory revaluation, it totaled SEK 3,190 million. Free cash flow also saw a significant rise, totaling SEK 3,520 million. Earnings per share improved to SEK 9.42. The company proposed a combined dividend of SEK 26.50 per share, comprising an ordinary dividend of SEK 15.00 and an extra payment of SEK 11.50.

Positive

• Revenue increased to SEK 23,577 million from SEK 17,755 million.
• Operating profit rose to SEK 3,229 million.
• Free cash flow improved significantly to SEK 3,520 million.
• Earnings per share grew to SEK 9.42.

Negative

• Impairment of exploration rights resulted in SEK -259 million loss.
• Lower grades affected metal production in concentrate from Mines.

STOCKHOLM, Feb. 14, 2023 /PRNewswire/ --            

• Revenues totaled SEK 23,577 m (17,755)
• The operating profit totaled SEK 3,229 m (3,214)
• The operating profit, excluding the revaluation of process inventory, totaled SEK 3,190 m (2,835)
• Free cash flow totaled SEK 3,520 m (2,008)
• Earnings per share totaled SEK 9.42 (9.27)

Strong cash flow despite large investments

• Improved prices and terms
• Lower grades contributed to lower production of metal in concentrate in Mines
• Stable production in Smelters
• Impairment of exploration rights in Kylylahti of SEK -259 m
• The Board of Directors proposes a payment to the shareholders of SEK 26.50 (26.00) per share through:
• an ordinary dividend of SEK 15.00 (10.50) per share.
• an extra payment of SEK 11.50 (15.50) per share through automatic share redemption.

Please find enclosed the full Interim Report.

The Interim Report will be presented via a webcast/conference call on Tuesday,

February 14 at 09:30 (CET). Information is available at www.boliden.com.

Contact persons for information:

Mikael Staffas, President and 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

E-mail: 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 14, 2023.

The following files are available for download:

https://mb.cision.com/Main/997/3714254/1846091.pdf

Report (PDF)

 

View original content:https://www.prnewswire.com/news-releases/boliden-q4-interim-report-and-year-end-report-for-2022-301746048.html

SOURCE Boliden

FAQ

What were Boliden's revenues for Q4 2022?

Boliden reported revenues of SEK 23,577 million for Q4 2022.

How much was Boliden's operating profit for Q4 2022?

The operating profit for Q4 2022 was SEK 3,229 million.

What is the free cash flow reported by Boliden for Q4 2022?

Boliden's free cash flow for Q4 2022 was SEK 3,520 million.

What earnings per share did Boliden achieve for Q4 2022?

Earnings per share for Q4 2022 were SEK 9.42.

What dividend has Boliden proposed for shareholders?

Boliden proposed a total dividend of SEK 26.50 per share, including SEK 15.00 ordinary dividend and SEK 11.50 extra payment.