STOCKHOLM, Feb. 6, 2025 — “Boliden’s consistent performance across both business segments is evident in our latest quarterly results, marking a strong finish to our first century. Our mines, particularly in the Boliden Area and Garpenberg, show excellent progress. Furthermore, our Finnish smelting operations have demonstrated significant strength,” stated Mikael Staffas, President and CEO.

• Revenues: SEK 25,785 million (20,754 million)
• Operating profit: SEK 4,098 million (2,096 million)
• Operating profit excluding PIR*: SEK 3,814 million (2,017 million)
• Free cash flow: SEK 4,264 million (1,663 million)
• Earnings per share: SEK 10.95 (6.06)

*Process Inventory Revaluation

• Free cash flow reached SEK 4,264 million (1,663 million), partly due to working capital release.
• Positive contributions from pricing and terms.
• Increased volumes in both mining and smelting operations compared to Q4 2023.
• Ramp-up of mine production at Tara.
• Completion of the Aitik dam project and nearing completion of the Odda expansion project.
• Robust smelting production, particularly at Harjavalta and Kokkola.
• Agreement reached to acquire the Neves-Corvo and Zinkgruvan mines from Lundin Mining.
• The Board of Directors proposes cancelling the ordinary dividend for 2024 to offset the proposed share issue.

The Interim Report will be presented via webcast/conference call on Thursday, February 6 at 09:30 (CET). Information is available at [link removed].

For further information, please contact:

Olof Grenmark
Director Investor Relations
+46 70 291 57 80 
 

This is information that Boliden AB is required to disclose under the EU Market Abuse Regulation. The information was released through the Director of Investor Relations at 07:45 CET on February 6, 2025.

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SOURCE Boliden