Q2 Interim Report 2021

Rhea-AI Summary

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.

Positive

• Revenues increased to SEK 17,891 m from SEK 13,391 m.
• Operating profit rose to SEK 2,785 m from SEK 1,801 m.
• Earnings per share improved to SEK 8.00 from SEK 4.92.
• Free cash flow increased to SEK 2,013 m from SEK 1,174 m.
• Plan to invest EUR 700 m to expand Odda smelter capacity.

Negative

• None.

BOLIDEN, Sweden, July 21, 2021 /PRNewswire/ -- The Interim Report will be presented via a webcast/conference call on Thursday, July 22^nd at 09:30 (CET). Information is available at www.boliden.com.

Q2 2021

• Revenues totaled SEK 17,891 m (13,391).
• The operating profit totaled SEK 2,785 m (1,801).
• The operating profit, excluding revaluation of process inventory, totaled SEK 2,616 m (1,634).
• Free cash flow totaled SEK 2 013 m (1 174).
• Earnings per share totaled SEK 8.00 (4.92).

Strong earnings and cash flow

• High metal prices.   
• Stable production in both Mines and Smelters.      
• The Board has decided to invest EUR 700 m in the smelter in Odda to increase capacity from 200 to 350 ktonnes /year.

Please find enclosed the full report.

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 and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 16:30 CET, 21^st of July 2021.

Boliden is a metals company with a focus on sustainable development. Our roots are Nordic, our market global. Our core competence lies within the fields of exploration, mining, smelting and metal recycling. Boliden has around 6,000 employees and an annual turnover of SEK 50 billion. The share is listed in the Large Cap segment on NASDAQ OMX Stockholm.

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

https://news.cision.com/boliden/r/q2-interim-report-2021,c3387959

The following files are available for download:

https://mb.cision.com/Main/997/3387959/1447253.pdf

The full report (PDF)

View original content:https://www.prnewswire.com/news-releases/q2-interim-report-2021-301338688.html

SOURCE Boliden

FAQ

What were Boliden's revenues for Q2 2021?

Boliden's revenues for Q2 2021 were SEK 17,891 million.

How much did Boliden earn per share in Q2 2021?

Boliden earned SEK 8.00 per share in Q2 2021.

What is the operating profit reported by Boliden in Q2 2021?

Boliden reported an operating profit of SEK 2,785 million in Q2 2021.

What investment is Boliden making in the Odda smelter?

Boliden plans to invest EUR 700 million to increase the capacity of its Odda smelter.

What was the free cash flow for Boliden in Q2 2021?

Boliden's free cash flow for Q2 2021 was SEK 2,013 million.