Boliden: Full-year Report, January–December 2010

Regulatory News:

Boliden (STO:BOL)(TSX:BOL)

Strong end to 2010

Q4 2010

  • Revenues totalled SEK 10,120 million (SEK 8,356 m)
  • The operating profit was SEK 1,942 million (SEK 1,232 m). Excluding revaluation of process inventory, the operating profit was SEK 1,445 million (SEK 870 m)
  • Free cash flow totalled SEK 1,850 million (SEK 350 m)
  • Earnings per share totalled SEK 5.17 (SEK 3.00)

Full year 2010

  • Revenues totalled SEK 36,716 million (SEK 27,635 m)
  • The operating profit was SEK 5,643 million (SEK 3,623 m). Excluding revaluation of process inventory, the operating profit was SEK 4,830 million (SEK 2,350 m)
  • Free cash flow totalled SEK 3,202 million (SEK -948 m)
  • The debt/equity ratio totalled 24 per cent (46)
  • Earnings per share totalled SEK 14.47 (SEK 9.14)
  • The Board of Directors proposes that the Annual General Meeting approve payment of a dividend of SEK 5 (SEK 3) per share

Events since the end of the financial year

  • Boliden decided, in January, to expand the Garpenberg mine and at the same time hedge metal prices

Please find enclosed the full Report.

This information was brought to you by Cision http://www.cisionwire.com

Contacts:

Boliden
Lennart Evrell, President & CEO
Tel: (exchange): +46 8 610 15 00
or
Johan Fant, CFO
Tel: (exchange): +46 8 610 15 00
or
Frans Benson, Director Investor Relations
Tel: +46 8 610 15 23

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