Boliden: Q4 Interim Report and Year-end report for 2020

Rhea-AI Summary

Boliden reported a robust performance for Q4 2020, achieving revenues of SEK 16,170 million, up from SEK 12,972 million. The operating profit surged to SEK 3,077 million, compared to SEK 1,744 million in the prior year. Excluding inventory revaluation, operating profit was SEK 3,043 million. Free cash flow improved significantly to SEK 2,750 million, up from SEK 822 million. Earnings per share rose to SEK 8.60 from SEK 4.97. The Board proposed a total payment of SEK 14.25 per share, consisting of an ordinary dividend and an extra payment.

Positive

• Revenue increased to SEK 16,170 million from SEK 12,972 million.
• Operating profit rose to SEK 3,077 million, significantly up from SEK 1,744 million.
• Free cash flow improved to SEK 2,750 million, compared to SEK 822 million in Q4 2019.
• Earnings per share increased to SEK 8.60 from SEK 4.97.
• Proposed total payment to shareholders of SEK 14.25 per share.

Negative

• None.

BOLIDEN, Sweden, Feb. 12, 2021 /PRNewswire/ --

 Q4 2020

• Revenues totaled SEK 16,170 m (12,972) 

• The operating profit totaled SEK 3,077 m (1,744)

• The operating profit, excluding the revaluation of process inventory, totaled SEK 3,043 m (1,721)

• Free cash flow totaled SEK 2,750 m (822)

• Earnings per share totaled SEK 8.60 (4.97)

Strong earnings and cash flow during the quarter 

• Stable production in Mines and Smelters.
• The Board of Directors proposes a payment to the shareholders of SEK 14.25 per share through:
• oan ordinary dividend of SEK 8.25 (7.00) per share.
• oan extra payment of SEK  6.00 (0.00) per share through automatic share redemption.

Please find enclosed the full report.

The Interim Report will be presented via a webcast/conference call on Friday, 12 February 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

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 12 February, 2021.

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

https://news.cision.com/boliden/r/q4-interim-report-and-year-end-report-for-2020,c3285703

The following files are available for download:

https://mb.cision.com/Main/997/3285703/1372119.pdf

The full report (PDF)

 

View original content:http://www.prnewswire.com/news-releases/boliden-q4-interim-report-and-year-end-report-for-2020-301227476.html

SOURCE Boliden

FAQ

What were Boliden's Q4 2020 revenue figures?

Boliden reported revenues of SEK 16,170 million for Q4 2020.

How much was Boliden's operating profit in Q4 2020?

The operating profit for Boliden in Q4 2020 was SEK 3,077 million.

What is the free cash flow of Boliden for Q4 2020?

Boliden achieved free cash flow of SEK 2,750 million in Q4 2020.

What is Boliden's proposed dividend per share?

Boliden proposed a total payment of SEK 14.25 per share, including an ordinary dividend and an extra payment.

What were earnings per share for Boliden in Q4 2020?

Earnings per share for Boliden were SEK 8.60 in Q4 2020.