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SSAB invests in its Nordic Operations

SSAB will invest more than SEK 500 million in its Nordic operations to support the automotive growth strategy, increased production stability and reduced energy consumption. The investments will be made in operations at the Hämeenlinna and Luleå sites and the projects will start in late 2016.

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Boliden’s Q3: Strong Earnings and high Mine Production

Boliden’s third quarter was primarily characterised by improvements in metal prices and high production in Mines. Revenues for the period totalled SEK 9,733 m (9,764) and the operating profit, excluding revaluation of process inventory, improved to SEK 1,318 m (1,055). The free cash flow was negatively affected by higher stock levels and totalled SEK 91 m (953).

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Boliden's Q2: Good Production Levels and strong Cash Flow

 

Boliden’s second quarter was characterised by good production levels, in spite of variations between the individual mines and comprehensive maintenance shutdowns at the smelters. Revenues totalled SEK 9,596 m (10,373) and the operating profit, excluding revaluation of process inventory, was SEK 901 m (1,257). The free cash flow, adjusted for the acquisition of the Kevitsa mine, totalled SEK 1,148 m.

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Boliden’s Q1: Good result in Smelters

Boliden’s revenues totalled SEK 8,849 m (10,407) and the operating profit, excluding the revaluation of process inventory, was SEK 769 m (1,102). Higher production levels than in the previous year were, however, unable to compensate in full for lower metal prices.

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BE Group Q1 2016 – strong Cash Flow

  • Net sales fell by 11 percent, amounting to SEK 978 M (1,104).
  • The underlying operating result amounted to SEK 9 M (12).
  • Operating result, affected by non-recurring costs of SEK -45 M (0), amounted to SEK -45 M (10).
  • The result after tax was SEK -53 M (0).
  • Cash flow from operating activities was SEK 51 M (-54).
  • Earnings per average number of shares amounted to SEK -0.20 (0.00).
  • Decision to close the unprofitable parts of the operations in the Czech Republic and Slovakia.
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Board Composition Proposal by Boliden’s Nomination Committee

Boliden’s Nomination Committee will propose to the Annual General Meeting of shareholders, to be held on 3 May 2016, that Pekka Vauramo is elected as a new Member of the Board, and that current Board Members Marie Berglund, Tom Erixon, Lennart Evrell, Ulla Litzén, Michael G:son Löw, Elisabeth Nilsson and Anders Ullberg are re-elected. Anders Ullberg is further proposed to be re-elected as Chairman of the Board. Staffan Bohman has declined re-election.

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BE Group Year-end Report 2015 – increased Tonnage despite challenging Market

Fourth quarter

  • Net sales decreased by 3 percent compared with the preceding year and amounted to SEK 981 M (1,009).
  • Shipped tonnage within the Group rose by 1 percent.
  • The operating result amounted to SEK -17 M (-30).
  • The underlying result amounted to SEK -12 M (-9).
  • Earnings after tax were SEK -23 M (-45).
  • Earnings per average number of shares amounted to SEK -0.09 (-0.61).
  • The Board of Directors proposes that no dividend be paid to shareholders for the 2015 financial year.
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Boliden Q3 2015 Interim Report: Strong performance by Smelters

“Boliden has posted a healthy result for the quarter with a particularly strong performance by our smelters. Market terms with sharp falls in metal prices were the big challenge during the quarter, but a robust cash flow, good balance sheet and advantageous metal mix mean that Boliden is well positioned in a turbulent time for the metals sector,” says Boliden’s President & CEO, Lennart Evrell.

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Glencore to reduce Mine Production of Zinc Metal

Glencore is announcing today a 500,000 tonne reduction of contained zinc metal mine production across its operations in Australia, South America & Kazakhstan. The main reason for the reduction is to preserve the value of Glencore’s reserves in the ground at a time of low zinc and lead prices, which do not correctly value the scarce nature of our resources.

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