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