Interim Report, January-March 2008


Interim Report, January-March 2008

Stable trend during first quarter

Q1 2008


·  Revenues rose to SEK 9,303 million (SEK 8,455 m).
·  The operating profit fell to SEK 1,231 million (SEK 1,286 m).
·  The profit after tax was SEK 1,263 million (SEK 921 m).
·  Earnings per share totalled SEK 4.62 (SEK 3.18).
·  The free cash flow totalled SEK 1,198 million (SEK 1,117 m).
·  Boliden was granted a deficit deduction of SEK 1,557 million,
yielding a tax receipt of SEK 436 million during the first quarter.
·  Increased ore reserves and mineral assets.
·  Environmental licence granted for Aitik expansion.

Summary of financial performance
                                 Q1                Q1          Full year
SEK m                          2008              2007               2007
Revenues                      9 303             8 455             33 204
Operating profit              1 231             1 286
(EBIT)                                                             5 428
Profit before tax             1 133             1 261              5 196
Profit after tax
1                             1 263               921              3 787
Earnings per
share 2                        4.62              3.18              13.37
Free cash flow 3              1 198             1 117              1 212
Return on capital
employed, %                      25                28                 29
Return on equity,
% 4                              39                22                 26
Net debt/
Shareholders'
equity, %                        31                -8                 43
1) of which SEK 436 million are tax receipt
2)of which 1.59 are tax receipt
3)refers to cash flow before financing operations
4)of which 13% are tax receipt

Contact persons for information:
Lennart Evrell, President &
CEO                                                                
Tel:+46 70 208 32 13                   
lennart.evrell@boliden.com  
Carina Wång, Acting
CFO                                                                           
Tel:+46 70 208 32 13                   
carina.wang@boliden.com                                                         
See attached the complete Interim Report
www.boliden.com

Attachments

05082481.pdf