Brief: Boliden Q2 Operating Profit SEK 4,078 Mln, Below Estimates

Boliden AB

21/07/2022 07:06

July 21 (Reuters) - Boliden AB  BOL.ST :
    * Q2 INTERIM REPORT 2022
    * Q2 REVENUE SEK 21,568 MILLION (REFINITIV POLL: SEK 22,658
MILLION)
    * PLANNED MAINTENANCE SHUTDOWNS IN SMELTERS AFFECTED
EARNINGS BY
SEK -390 M (-50)
    * Q2 OPERATING PROFIT SEK 4,078 MILLION (REFINITIV POLL: SEK
4,509
MILLION)
    * THE EXPANSION IN ODDA IS PROCEEDING ACCORDING TO THE
PREVIOUSLY
ANNOUNCED SCHEDULE. HOWEVER, BECAUSE OF GENERALLY HIGH COST-PUSH
INFLATION, THE TOTAL INVESTMENT IS NOW ESTIMATED AT EUR 850 M,
COMPARED TO THE EUR 700 M PREVIOUSLY ANNOUNCED.
    * MILLED VOLUMES WERE LOWER THAN LAST YEAR IN THE BOLIDEN
AREA,
BUT HIGHER GRADES HAD A POSITIVE EFFECT. COMPARED TO THE
PREVIOUS QUARTER, METALS IN CONCENTRATE WERE HIGHER FOR ALL MAIN
METALS
    * PRODUCTION IN RÖNNSKÄR AND HARJAVALTA WAS LOWER THAN LAST
YEAR
DUE TO EXTENSIVE PLANNED MAINTENANCE SHUTDOWNS
    * ZINC PRODUCTION WAS HIGHER THAN LAST YEAR IN BOTH KOKKOLA
AND
ODDA.

Source text for Eikon:  ID:nWkrbkhCv4 
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