STOCKHOLM, Sweden, July 25, 2005 (PRIMEZONE) -- Boliden (TSX:BLS):
Interim Report, 1st January -- 30th June 2005
Comparison between the first six months of 2005 and 2004
- Net sales totalled SEK 9,179 million (SEK 9,045 m).
- The operating result was SEK 783 million (SEK 915 m).
- The result after financial items was SEK 621 million (SEK 698 m).
- The net result totalled SEK 422 million (SEK 630 m).
- Earnings per share came to SEK 1.46 (SEK 2.72).
- The cash flow from operating activities totalled SEK 961 million (SEK 910 m).
- The net debt/equity ratio was 69 per cent (97%).
Comparison between Q2 2005 and Q2 2004
- Net sales totalled SEK 4,705 million (SEK 4,547 m).
- The operating result was SEK 369 million (SEK 440 m).
- The result after financial items was SEK 269 million (SEK 350 m).
- The net result totalled SEK 166 million (SEK 323 m).
- Earnings per share came to SEK 0.57 (SEK 1.28).
- The cash flow from operating activities totalled SEK 712 million (SEK 434 m).
Other matters
- Production fell during the second quarter, primarily due to planned maintenance shutdowns and a number of unplanned production stoppages in both the company's Product Segments, Zinc and Copper.
- Boliden drew up a commercial paper programme in April totalling a maximum of SEK 1.5 billion with a maximum term of 12 months.
- A reorganisation into new business areas was approved in July with the aim of ensuring an increased focus on the company's main products, copper and zinc.
- Boliden believes that the result after financial items for 2005 will exceed that for 2004, when it posted an historically strong result. A substantial improvement in free cash flow is also expected in 2005.
Boliden AB (publ) Investor Relations Box 44, SE-101 20 Stockholm, Sweden Tel.: +46 8 610 15 00, Fax: +46 8 31 55 45 www.boliden.com Co. reg. no. 556051-4142
See attached the complete Interim Report www.boliden.com
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
http://wpy.waymaker.net/client/waymaker1/WOLReleaseFile.aspx?id=117833&fn=wkr0001.pdf
Full report