Boliden

Financials

·         Revenues: SEK 18,481 m (19,962)

·     Operating profit: SEK 1,615 m (3,405)

·         Operating profit excl. PIR*: SEK 1,212 m (3,020)

·         Free cash flow: SEK -1,508 m (-46)

·         Earnings per share: SEK 4.16 (9.29)

*Process Inventory Revaluation

Highlights

·         Operating profit excluding revaluation of process inventory totaled SEK 1,212 m (3,020)

·         Political strikes in Finland had an estimated SEK -400 m (0) effect on operating profit

·         Free cash flow was SEK -1,508 m (-46) negatively impacted by the strikes

·         Extreme winter conditions in January had an estimated effect of SEK -100 m

·         Lower grades had an estimated effect of SEK -165 m

·         Record milled production in Garpenberg

·         Decision to invest in a new tank house in Rönnskär

·         Decision to invest in life span extension of the Boliden Area

The Interim Report will be presented via webcast/conference call on Tuesday, April 23 at 09:00 (CEST). Information is available at www.boliden.com.

For further information, please contact:

Olof Grenmark

Director Investor Relations

+46 70 291 57 80

olof.grenmark@boliden.com

This information is information that Boliden AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of Director Investor Relations, at 07:45 CEST on April 23, 2024.