Welcome to our dedicated page for Boliden Ab news (Ticker: BDNNY), a resource for investors and traders seeking the latest updates and insights on Boliden Ab stock.
Boliden AB (BDNNY) is a leading European producer of sustainable metals through integrated mining, smelting, and recycling operations. This page serves as a comprehensive resource for stakeholders tracking the organization’s strategic developments, operational milestones, and industry leadership.
Access authoritative updates on earnings reports, infrastructure investments, and technological innovations such as low-carbon metal production. Users can expect coverage of acquisitions, sustainability initiatives, and operational enhancements across Boliden’s mining and processing facilities.
Explore press releases detailing advancements in copper and zinc production, recycling breakthroughs, and environmental performance metrics. The curated news collection supports informed analysis of Boliden’s market position and long-term value drivers.
Bookmark this page for streamlined access to BDNNY’s official communications and third-party analyses, ensuring you remain informed about one of Europe’s most resource-efficient metals producers.
Boliden's Q2 2021 report shows a substantial increase in revenues, reaching SEK 17,891 m, compared to SEK 13,391 m in Q2 2020. The company reported an operating profit of SEK 2,785 m, up from SEK 1,801 m, and earnings per share soared to SEK 8.00, up from SEK 4.92. Strong cash flow of SEK 2,013 m indicates robust financial health. Boliden is also investing EUR 700 m to enhance its Odda smelter capacity, reflecting a commitment to growth amidst high metal prices and stable production.
Boliden is undertaking a significant EUR 700 million investment to expand its Boliden Odda facility in Norway, increasing annual zinc production capacity from 200 Ktonnes to 350 Ktonnes by the end of 2024.
This expansion will enhance productivity, utilize fossil-free electricity, and employ sustainable waste management techniques. The investment also includes new facilities, such as a sulphuric acid plant and improved digitization for better efficiency. All necessary environmental permits are secured, marking this as one of Boliden's largest investments aimed at enhancing sustainable zinc production.
Boliden reported strong financial results for Q2 2021, with sales reaching SEK 17,891 million, up from SEK 13,391 million a year earlier. The operating profit, excluding inventory revaluation, surged to SEK 2,616 million compared to SEK 1,634 million. Free cash flow also saw a significant increase to SEK 2,013 million from SEK 1,174 million. Operating profit from Boliden Mines hit a record SEK 2,192 million, influenced by higher metal prices, although lower grades impacted copper and precious metals production.
Boliden will release its Interim Report for Q2 2021 on July 22 at 07:45 CET. An analyst conference will follow at 09:30, accessible via webcast and phone. The presentation will be delivered by President and CEO Mikael Staffas and CFO Håkan Gabrielsson. To join, call five minutes before the conference starts using the numbers provided for Sweden, the UK, and the US, with a PIN code required.
For further inquiries, contact Olof Grenmark, Director Investor Relations.
Boliden announced a significant 40 MEUR investment in enhancing infrastructure at the Port of Pori to improve concentrate handling to Harjavalta. This initiative, part of a larger investment plan exceeding SEK 7 billion in 2021, focuses on upgrading environmental performance and operational efficiency. Key developments include the construction of a new weighing and sampling facility, a warehouse, and improvements to quay infrastructure, all expected to be operational by early 2023. The investment aims to bolster productivity, competitiveness, and sustainability.
Boliden announced a successful share split of 2:1 effective May 27, 2021, resulting in an increase of shares from 273,511,169 to 547,022,338. On May 31, 2021, the Swedish Companies Registration Office confirmed the registration of 273,511,169 redemption shares. Shareholders will receive SEK 6 per redeemed share, distributed automatically on record date June 2, 2021, with payments around June 7, 2021. Boliden is noted for its sustainable development focus in mining and smelting, with an annual turnover of SEK 50 billion.
Boliden has released its report detailing payments to government agencies pertaining to extractive industry operations in Sweden, Finland, and Ireland for the year 2020. This report, mandated by Swedish law, aims for transparency in how companies operate within the extractive sector. Boliden, a metals company with a SEK 50 billion annual turnover and around 6,000 employees, is committed to sustainable development while maintaining a global market presence. The information was disseminated in compliance with the Securities Markets Act and is available for public access.
Boliden reported strong Q1 2021 results with revenues of SEK 17,083 million, up from SEK 13,210 million. The operating profit surged to SEK 2,779 million from SEK 1,435 million. Excluding revaluation of process inventory, operating profit was SEK 2,449 million, up from SEK 1,504 million. The company achieved a free cash flow of SEK 2,165 million, improving significantly from a negative flow of SEK 845 million. Earnings per share rose to SEK 7.96, compared to SEK 3.90 in the previous year.
Boliden has announced a major investment of SEK 1,250 million to expand the Kristineberg mine towards the Rävliden mineralization, subject to permit approval. This expansion is projected to boost milled volumes to 1.8 million tonnes and extend the mine’s operational life. The initiative includes infrastructure improvements and the adoption of fossil-free technology. Boliden has completed exploration revealing 8.4 million tonnes of mineral resources containing copper, zinc, lead, silver, and gold. Production is anticipated to commence in 2023.
Boliden reported Q1 revenues of SEK 17,083 m, up from SEK 13,210 m in the previous year, with operating profit reaching SEK 2,449 m compared to SEK 1,504 m. The company's free cash flow totaled SEK 2,165 m, a significant increase from -845 m in Q1 2020. The growth was driven by higher metal prices, particularly copper, which positively impacted the Business Area Mines operating profits, up to SEK 1,631 m. However, production disturbances affected Aitik's milled volume.
