Boliden's Q1 2026: Solid performance despite abnormal seismic activity in Garpenberg

STOCKHOLM, April 28, 2026 /PRNewswire/ --

"In times like these, it is even more important to focus on what you can influence and that is what our organization does and will do relentlessly." - Mikael Staffas, President and CEO.

Financials

• Revenues: SEK 27,822 m (21,121)
• Operating profit: SEK 5,247 m (3,062)
• Operating profit excl. PIR*: SEK 4,432 m (2,599)
• Free cash flow: SEK 1,673 m (-1,869)
• Earnings per share: SEK 13.45 (7.99)

*Process Inventory Revaluation

Highlights

• Solid performance in both Mines and Smelters
• Stronger metal prices
• Continued strong mine production in Aitik and Kevitsa
• A strong year on year gold and silver production increase in Smelters
• Abnormal seismic activity in Garpenberg caused a SEK 700 m asset write-down and a negative volume effect of SEK 400 m
• Odda has started to ramp up its expansion project
• Updated guidance for 2026 in Garpenberg: milled volume 1.5 Mtonnes, zinc grade 2.7%, silver grade 100g/t. Previous estimates were 3.7 Mtonnes, 2.9% and 95g/t respectively. Milled production in the second quarter of 2026 is expected to 0.1 Mtonnes.
• Garpenberg's 2027 milled volume is estimated to be 2.3 Mtonnes

The Interim Report will be presented via webcast/conference call on Tuesday, April 28 at 09:00 (CEST). Information is available at www.boliden.com.

For further information, please contact:

Olof Grenmark
Director Investor Relations
+46 70 291 57 80
[email protected] 

This information is information that Boliden AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of Director Investor Relations, at 07:30 CEST on April 28, 2026.

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SOURCE Boliden