STOCKHOLM, Sweden, April 26, 2004 (PRIMEZONE) -- New Boliden reports a record result for the first quarter of 2004:
- Net sales increased to SEK 4,498 million (SEK 2,338 m). - The operating result rose to SEK 434 million (SEK 126 m). - The result after net financial items improved to SEK 307 million (SEK 54 m). - The net result increased to SEK 266 million (SEK 130 m). - Earnings per share rose to SEK 1.27 (SEK 1.22). - Cash flow from operating activities totalled SEK 476 million (SEK 174 m). - The debt/equity ratio has improved significantly to 103 per cent (160%). - Higher metal prices and increased production had a positive effect on the result, whilst exchange-rate trends and treatment charges had a negative effect. Other - 5 million shares in Outokumpu were sold in January. - The process of selling the Canadian mine, Myra Falls, began in February. - The oversubscribed rights issue will generate approximately SEK 1.4 billion.
Contact persons for information:
Jan Johansson, President and CEO Tel: +46 8 610 16 02 jan.c.johansson@boliden.se Mobile: +46 70 555 02 02 Ulf Soderstrom, Senior VP, Group Communications Tel: +46 8 610 15 57 ulf.soderstrom@boliden.se Mobile: +46 70 618 95 95 Jan Ohman, Senior VP, Group Controlling Tel: +46 8 610 15 33 jan.ohman@boliden.se Mobile: +46 70 624 19 05
Boliden's website: www.boliden.com
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The following files are available for download:
http://www.waymaker.net/bitonline/2004/04/26/20040426BIT00420/wkr0001.doc The full report
http://www.waymaker.net/bitonline/2004/04/26/20040426BIT00420/wkr0002.pdf The full report