Boliden Q3 2024: High production, stronger results

22 Oct 2024 07:45 CEST

"Our mine production during the quarter has been good. Just like last quarter,
our Finnish smelters are producing very well." - Mikael Staffas, President and
CEO.

Financials

· Revenues: SEK 22,193 m (19,396)
· Operating profit: SEK 3,165 m (1,912)
· Operating profit excl. PIR*: SEK 2,999 m (1,940)
· Free cash flow: SEK -495 m (-1,200)
· Earnings per share: SEK 8.34 (4.96)

*Process Inventory Revaluation

Highlights

· Operating profit excluding revaluation of process inventory totaled SEK
2,999 m (1,940)
· Free cash flow was SEK -495 m (-1,200)
· Improved prices and terms
· Improved production in both Mines and Smelters
· Record milled volume in Garpenberg
· The expansion projects in the Boliden Area and Odda as well as the dam
project in Aitik are close to completion
· The construction of a new tankhouse in Rönnskär and paste and dewatering
facilities in the Boliden Area are on track
· Preparations ongoing to restart mine production in Tara

The Interim Report will be presented via webcast/conference call on Tuesday,
October 22 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
October 22, 2024.

Metals for generations to come

Boliden's vision is to be the most climate-friendly and respected metal provider
in the world. We are Europe's producer of sustainable metals and, guided by our
values care, courage and responsibility, we operate within exploration, mines,
smelters and recycling. We are around 6,000 employees and have annual revenues
of approximately SEK 80 billion. The share is listed in the Large Cap segment of
NASDAQ OMX Stockholm.

www.boliden.com

More information:
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