Boliden's Q1 2025: A solid start to our second century
Boliden (BDNNY) reported strong Q1 2025 financial results with revenues of SEK 21,121 million, up from SEK 18,481 million year-over-year. Operating profit more than doubled to SEK 3,062 million from SEK 1,615 million, while earnings per share increased to SEK 7.99 from SEK 4.16.
The company's performance was boosted by higher metal prices and a stronger USD, though partially offset by strikes in Finland impacting operations by SEK -100 million. Free cash flow was negative at SEK -1,869 million, affected by increased working capital but benefiting from SEK 350 million in insurance proceeds. The quarter saw lower milled volume and recoveries in Aitik, while Tara's ramp-up progressed well and Odda began commissioning its expansion project.
Notably, Boliden successfully raised SEK 3.75 billion through a directed share issue during the quarter.
Boliden (BDNNY) ha riportato solidi risultati finanziari nel primo trimestre 2025 con ricavi di 21.121 milioni di SEK, in aumento rispetto ai 18.481 milioni di SEK dello stesso periodo dell'anno precedente. L'utile operativo è più che raddoppiato, passando da 1.615 milioni di SEK a 3.062 milioni di SEK, mentre l'utile per azione è salito a 7,99 SEK da 4,16 SEK.
Le performance dell'azienda sono state sostenute da prezzi dei metalli più elevati e da un dollaro USA più forte, sebbene parzialmente compensate da scioperi in Finlandia che hanno impattato le operazioni per -100 milioni di SEK. Il flusso di cassa libero è stato negativo, a -1.869 milioni di SEK, influenzato dall'aumento del capitale circolante ma supportato da 350 milioni di SEK di proventi assicurativi. Il trimestre ha registrato un volume di macinazione e recupero inferiore ad Aitik, mentre l'avvio di Tara è progredito bene e Odda ha iniziato la messa in servizio del progetto di espansione.
In particolare, Boliden ha raccolto con successo 3,75 miliardi di SEK attraverso un aumento di capitale riservato nel corso del trimestre.
Boliden (BDNNY) reportó sólidos resultados financieros en el primer trimestre de 2025 con ingresos de 21.121 millones de SEK, frente a los 18.481 millones de SEK del mismo periodo del año anterior. El beneficio operativo más que se duplicó, pasando de 1.615 millones de SEK a 3.062 millones de SEK, mientras que el beneficio por acción aumentó a 7,99 SEK desde 4,16 SEK.
El desempeño de la compañía se vio impulsado por precios más altos de los metales y un dólar estadounidense más fuerte, aunque parcialmente compensado por huelgas en Finlandia que afectaron las operaciones en -100 millones de SEK. El flujo de caja libre fue negativo, con -1.869 millones de SEK, afectado por un aumento en el capital de trabajo pero beneficiado por 350 millones de SEK en ingresos por seguros. El trimestre mostró un menor volumen molido y recuperaciones en Aitik, mientras que la puesta en marcha de Tara avanzó bien y Odda comenzó la puesta en marcha de su proyecto de expansión.
En particular, Boliden logró recaudar con éxito 3.750 millones de SEK mediante una emisión dirigida de acciones durante el trimestre.
Boliden (BDNNY)은 2025년 1분기에 매출액 211억 2,100만 SEK를 기록하며 전년 동기 184억 8,100만 SEK에서 증가한 강력한 실적을 보고했습니다. 영업이익은 16억 1,500만 SEK에서 30억 6,200만 SEK로 두 배 이상 증가했고, 주당순이익은 4.16 SEK에서 7.99 SEK로 상승했습니다.
회사의 실적은 금속 가격 상승과 강한 미국 달러에 힘입었으나, 핀란드의 파업으로 인해 운영에 SEK -1억이 영향을 미쳐 일부 상쇄되었습니다. 자유 현금 흐름은 운전자본 증가의 영향으로 SEK -18억 6,900만으로 마이너스를 기록했지만, SEK 3억 5,000만의 보험 수익으로 일부 보완되었습니다. 이번 분기에는 Aitik의 가공량과 회수율이 감소했으며, Tara의 가동 확대는 순조롭게 진행되었고 Odda는 확장 프로젝트의 시운전을 시작했습니다.
특히, Boliden은 분기 중에 전략적 유상증자를 통해 SEK 37억 5,000만을 성공적으로 조달했습니다.
Boliden (BDNNY) a annoncé de solides résultats financiers pour le premier trimestre 2025 avec un chiffre d'affaires de 21 121 millions de SEK, en hausse par rapport à 18 481 millions de SEK un an plus tôt. Le résultat opérationnel a plus que doublé, passant de 1 615 millions de SEK à 3 062 millions de SEK, tandis que le bénéfice par action est passé de 4,16 SEK à 7,99 SEK.
La performance de l'entreprise a été soutenue par la hausse des prix des métaux et un dollar américain plus fort, bien que partiellement compensée par des grèves en Finlande ayant impacté les opérations à hauteur de -100 millions de SEK. La trésorerie disponible était négative à -1 869 millions de SEK, affectée par une augmentation du fonds de roulement mais bénéficiant de 350 millions de SEK de produits d'assurance. Le trimestre a connu un volume broyé et des taux de récupération plus faibles à Aitik, tandis que la montée en puissance de Tara s'est bien déroulée et qu'Odda a commencé la mise en service de son projet d'expansion.
Notamment, Boliden a réussi à lever 3,75 milliards de SEK grâce à une émission d'actions dirigée au cours du trimestre.
Boliden (BDNNY) meldete starke Finanzergebnisse für das erste Quartal 2025 mit einem Umsatz von 21.121 Millionen SEK, gegenüber 18.481 Millionen SEK im Vorjahreszeitraum. Der operative Gewinn mehr als verdoppelte sich auf 3.062 Millionen SEK von 1.615 Millionen SEK, während der Gewinn je Aktie von 4,16 SEK auf 7,99 SEK stieg.
Die Unternehmensleistung wurde durch höhere Metallpreise und einen stärkeren US-Dollar gestützt, teilweise jedoch durch Streiks in Finnland, die die Betriebe um SEK -100 Millionen beeinträchtigten, ausgeglichen. Der freie Cashflow war mit SEK -1.869 Millionen negativ, beeinflusst durch einen Anstieg des Umlaufvermögens, jedoch unterstützt durch SEK 350 Millionen an Versicherungserlösen. Im Quartal wurden geringere Mahlmengen und Rückgewinnungen in Aitik verzeichnet, während der Hochlauf in Tara gut voranschritt und Odda mit der Inbetriebnahme seines Erweiterungsprojekts begann.
Bemerkenswert ist, dass Boliden im Quartal erfolgreich SEK 3,75 Milliarden durch eine gezielte Kapitalerhöhung aufgenommen hat.
- Revenue increased 14.3% YoY to SEK 21,121 million
- Operating profit jumped 89.6% to SEK 3,062 million
- EPS nearly doubled to SEK 7.99 from SEK 4.16
- Successfully raised SEK 3.75 billion through share issue
- Positive impact from higher metal prices and stronger USD
- Negative free cash flow of SEK -1,869 million
- Lower milled volume and recoveries in Aitik operations
- Strike impact in Finland of SEK -100 million
- Lower treatment charges and premiums affecting profitability
"We are proud to build a European base metal champion."
- Mikael Staffas, President and CEO.
Financials
- Revenues:
SEK 21,121 m (18,481) - Operating profit:
SEK 3,062 m (1,615) - Operating profit excl. PIR*:
SEK 2,599 m (1,212) - Free cash flow:
SEK -1,869 m (-1,508) - Earnings per share:
SEK 7.99 (4.16)
*Process Inventory Revaluation
Highlights
- Operating profit excluding revaluation of process inventory totaled
SEK 2,599 m (1,212) - Strikes in
Finland had an estimatedSEK -100 m (-400) effect on operating profit - Free cash flow was
SEK -1,869 m (-1,508) negatively impacted by an increase in working capital but positively impacted bySEK 350 m insurance proceeds - Higher metal prices and a stronger USD contributed positively versus the first quarter of 2024
- Lower milled volume and recoveries in Aitik
- The ramp-up of Tara is progressing well
- Odda has started the commissioning of its expansion project
- Lower treatment charges and premiums
- Boliden raised
SEK 3.75 billion from a directed share issue
The Interim Report will be presented via webcast/conference call on Tuesday, April 23 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 April 23, 2025.
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/boliden/r/boliden-s-q1-2025--a-solid-start-to-our-second-century,c4138441
The following files are available for download:
Report | |
https://mb.cision.com/Public/997/4138441/a3ea1a0162823bcb.pdf | Press release |
View original content:https://www.prnewswire.com/news-releases/bolidens-q1-2025-a-solid-start-to-our-second-century-302435411.html
SOURCE Boliden
FAQ
What were Boliden's (BDNNY) Q1 2025 earnings per share?
How much revenue did Boliden (BDNNY) generate in Q1 2025?
What was the impact of Finnish strikes on Boliden's Q1 2025 results?
How much capital did Boliden raise through its share issue in Q1 2025?
What factors affected Boliden's free cash flow in Q1 2025?
