Boliden’s fourth quarter: Good cash flow despite intensive investment period



STOCKHOLM, Feb. 8, 2024 /PRNewswire/ — Revenues for the fourth quarter were SEK 20,754 m (23,577) and operating profit excluding revaluation of process inventory was SEK 2,017 m (3,190). Free cash flow totaled SEK 1,663 m (3,520), despite a record investment level.

“I am happy to see several quarterly records in our smelting operations as well as good development in our investment projects. On top of that we are of course pleased with the underlying cash flow during the quarter,” says Mikael Staffas, President and CEO.

The operating profit for Boliden Mines decreased to SEK 985 m (1,512) compared to last year but increased by SEK 235 m compared to the previous quarter, despite the already communicated production shortfall in Aitik. Higher sales from inventory and higher grades contributed positively. The milled volume in the Boliden …

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