- - -

JOBS

EXECUTIVE JOBS

INVEST IN STOCKHOLM NEWSLETTER

SWEDISH WIRE NEWSLETTER

EMBASSIES/
CONSULATES
IN SWEDEN

RSS FEEDS

STOCKS

FLIGHTS, HOTELS AND HOLIDAYS

- - -
Investment opportunities

Tips from an insider: Five innovative tech startups

Tips from an insider: Stockholm tech start-ups

5 hot life science firms in Stockholm

Stockholm's top five infrastructure projects

Four Stockholm-based ICT firms to watch

Stockholm pioneers life science research

ICT startups offer investment opportunity

Swedish companies ready for exit

Five med-tech investment opportunities

Six cleantech investment opportunities

- - -
Rankings and surveys

Sweden tops English-language skills ranking

Sweden ranked world's best country to grow old

Swedish passport world's best for travellers

Sweden second best country for mothers

Stockholm climbs in competitiveness rankings

Sweden among best countries to be born

Fortune: 'Stockholm top place for startups'

Sweden tops first global Web Index

Sweden world's second most innovative country

Stockholm world's 6th 'best city'

'Cool Stockholm' most competitive Nordic capital

Sweden has (second) best reputation in the world

Sweden among top in Internet download speed

Sweden scores highest in 'Rule of law index'

Stockholm world's No1 in intellectual capital

Sweden the world's most ICT-competitive country

Sweden great place for moms – but Norway better

Swedes place 4th in English skills ranking

Sweden among top ICT countries

Sweden’s 10 greenest brands

‘Sweden needs to sell itself more’

Sweden overtakes the US in competitiveness

Sweden 10th ‘most admired country globally’

Sweden climbs in 'doing business' ranking

Sweden among world's least corrupt nations

Sweden's mortality rates world's second lowest

Sweden a good place to die – but Britain is best

Children in Sweden have best lives

Sweden the most competitive EU nation

Safe to do business with Swedes

How Sweden became an innovation frontrunner

Nordic countries world's most food-secure

Sweden the world’s best country – politically

Swedish firms among world's top brands

Swedish brands climb in global ranking

Sweden tops government ranking - while US lags 

'Swedish model' outranks 'American dream'  

Sweden among world's least corrupt nations

The Swedish Wire is a media production company that provides high-quality text, image and video content for international clients.

Boliden: Stable production boosts third quarter profit

Press release published at The Swedish Wire


Boliden's operating profit totalled SEK 1,180 million (SEK 1,348 m). The revaluation of process inventory impacted the quarterly profit by SEK -216 million. If the revaluation is excluded, the operating profit totalled SEK 1,397 million (SEK 1,213 m). Revenues totalled SEK 10,553 million (SEK 9,373 m).

The quarter was characterised by production stability, but ended dramatically with steep falls in metal prices and increased global economic turbulence. From Boliden's point of view, however, a stronger US dollar meant that metal prices in Swedish kronor were, on average, higher than those in the previous quarter.

"All the drama in third quarter involved events outside the company and uncertainty about developments in the short-term has continued into the fourth quarter. A number of European metal customers have implemented production cutbacks, but we have successfully compensated for the fall in the volume this entailed by sales to other customers," says Lennart Evrell, Boliden's President & CEO.

Costs have increased in comparison with the corresponding quarter last year due to increased volumes and cost inflation in relation to energy, spare parts and external services.

The operating profit for Business Area Mines totalled SEK 1,047 million (SEK 1,061 m), while the operating profit excluding revaluation of process inventory for Business Area Smelters totalled SEK 356 million (SEK 238 m). Smelters' profits include the approximately SEK -45 million (SEK -100 m) effect of maintenance shutdowns.

"The strong production at the Harjavalta copper smelter and the impressive results reported by the Garpenberg zinc-silver mine are particularly pleasing. Fine-tuning of Aitik's increased capacity is proceeding according to plan and Aitik's production levels during the third quarter equated to 34 million tonnes of ore on a yearly basis," says Lennart Evrell.

The electronic scrap capacity expansion at Rönnskär, the investments in the Kankberg gold mine, and the expansion of the Garpenberg zinc-silver mine are all proceeding according to plan.

 

For further information, please contact:
Frans Benson, Director Investor Relations, Boliden AB, tel: +46 8 610 1523
Marcela Sylvander, Director Group Communications, Boliden AB, tel: +46 8 610 1559, +46 733 244 551

Boliden is a leading European metals company whose core competence is in the fields of exploration, mining, smelting and recycling. Boliden's main metals are zinc and copper. Other important metals extracted and refined include lead, gold and silver. The operations are conducted in two Business Areas: Mines and Smelters. The number of employees is approximately 4 400 and the turnover in 2010 amounted to approximately SEK 37 billion. Its shares are listed on NASDAQ OMX Stockholm, segment Large Cap and on the Toronto Stock Exchange in Canada.

www.boliden.com



This information was distributed by Cision
 

Latest Jobs for English speakers in Sweden

Banner

Jobs for English speakers in Sweden

Banner
Banner
Most Read Searched  
Banner
Banner
Banner