Brief: Boliden Sees FY Total Investments At Just Under SEK 15 Bln

Boliden AB

25/04/2023 07:18

April 25 (Reuters) - Boliden AB  BOL.ST :
    * Q1 OPERATING PROFIT, EXCLUDING REVALUATION OF PROCESS INVENTORY, TOTALED SEK 3,020 M
(4,466)
    * FOR 2023, TOTAL INVESTMENTS ARE ESTIMATED AT JUST UNDER SEK 15 BILLION, WHICH IS IN LINE
WITH
THE ESTIMATE PREVIOUSLY ANNOUNCED
    * MAINTENANCE SHUTDOWNS IN THE SMELTERS DURING 2023 ARE ESTIMATED TO AFFECT  OPERATING
PROFIT BY
SEK -620 M (-500)
    * HIGHER METAL PRICES HAD A POSITIVE  EFFECT DESPITE THE NEGATIVE IMPACT OF DEFINITIVE
PRICING
FROM EARLIER DELIVERIES. LOWER ENERGY PRICES  CONTRIBUTED TO A REDUCTION IN COSTS
    * DURING THE QUARTER, THE MATURITY OF BOLIDEN’S SYNDICATED REVOLVING LOAN FACILITIES IN THE
AMOUNT
OF EUR  850 M WERE EXTENDED BY ONE YEAR
    * Q1 OPERATING PROFIT DECREASED TO SEK 1,197 M (3,115), MAINLY DUE TO LOWER METAL PRICES,
LOWER
VOLUMES AND  INCREASED COSTS
    * NO SCHEDULED MAINTENANCE SHUTDOWNS WERE CARRIED OUT DURING THE QUARTER

Source text for Eikon:  ID:nWkr5DKJz7 
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