boliden ab (BOL:Stockholm)
boliden ab (BOL) Snapshot
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Open
kr96.50
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Previous Close
kr96.15
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Day High
kr96.75
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Day Low
kr95.15
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52 Week High
01/3/13 - kr126.70
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52 Week Low
06/4/12 - kr87.80
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Market Cap
26.0B
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Average Volume 10 Days
2.4M
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EPS TTM
kr9.84
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Shares Outstanding
273.5M
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EX-Date
05/6/13
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P/E TM
9.7x
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Dividend
kr4.00
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Dividend Yield
4.20%
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Related News
boliden ab (BOL) Related Businessweek News
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Boliden AB, a metals company, engages in exploring, mining, smelting, and recycling metals. The company produces zinc, copper, lead, gold, and silver metals; sulphur products, including sulphuric acid and liquid sulphur dioxide; copper, lead, zinc, palladium/platinum, and gravimetric concentrates; aluminium fluoride and synthetic anhydrite; and by-products, such as zinc clinker, waste rock, selenium, copper telluride, iron sand, and nickel sulphate. It operates underground and open-pit mines in Garpenberg, the Boliden Area, and Aitik in Sweden; and the Tara mine in Ireland. The company is also involved in recycling electronic scrap, metal scrap, metal ashes, scrap car batteries, and nickel concentrate to produce pure metals and customized alloys. It primarily serves steel companies and other manufacturers of semi-finished products, as well as to base metal dealers and metal stocks in Sweden, rest of the Nordic region, Germany, the United Kingdom, and the rest of Europe; North America; and internationally. Boliden AB is headquartered in Stockholm, Sweden.
Last Reported Date: 05/3/13
boliden ab (BOL) Top Compensated Officers
boliden ab (BOL) Key Developments
Boliden AB at its AGM held on May 3, 2013 approved a dividend of SEK 4 per share and May 8, 2013 as the record day for the dividend payment. Payment of the dividend is expected to occur on May 14, 2013. The company at its AGM also elected the following persons to form the Nomination Committee: Jan Andersson (Swedbank Robur fonder), Thomas Ehlin (Nordeas Fonder), Lars-Erik Forsgårdh and Anders Oscarsson.
Boliden AB reported consolidated earnings results for the first quarter ended March 2013. For the period, the company has posted revenues of SEK 9,249 million against SEK 10,321 million a year ago. Operating profit was SEK 695 million against SEK 1,540 million a year ago. Free cash flow was negative at SEK 220 million against positive free cash flow of SEK 888 million a year ago. Earnings per share were SEK 1.86 against SEK 4.08 a year ago. Operating profit, excluding process inventory revaluations, totaled SEK 751 million compared to SEK 1,258 million a year ago. The profit includes positive non-recurrent effects of SEK 171 million. The year-on-year decrease in the profit is due to poorer market terms and lower production. Net profit attributable to the parent company's shareholders was SEK 508 million against SEK 1,117 million a year ago. Net debt was SEK 6,187 million at the end of March 2013, compared to SEK 5,723 million at the end of March 2012. Cash flow from operating activities was SEK 798 million against SEK 1,892 million a year ago. Acquisition of tangible fixed assets was SEK 1,016 million against SEK 996 million a year ago. EBITDA was SEK 1,377 million against SEK 2,157 million a year ago. Sales fell due to lower production levels and prices. CapEx was SEK 213 million. Free cash flow has been negative in the quarter due to both the relatively low income and also due to high investments. Copper and zinc production at Boliden's smelters were lower than the previous quarter, while gold production increased. Production at Harjavalta was affected by a 5-day strike in February and Rönnskär suffered from a power outage in March, which resulted in a 2-day production shutdown. Zinc production at Boliden's mines increased in comparison with the previous quarter due to higher grades, while copper and gold production fell due to lower grades. A cold winter with much snow had a negative effect on production levels at Aitik. Global production by zinc smelters was slightly higher than during the first and fourth quarters of 2012. Global production of zinc metal is adjudged to have matched demand. Official zinc stock levels fell slightly during the first quarter. Global production of mined concentrate fell in comparison with both the previous quarter and the previous year. The decline is primarily due to lower production levels in China, Europe and North America. Global production by copper smelters remained unchanged in comparison with the previous quarter but was higher, year-on-year. Global production of copper is adjudged to have matched demand, but stock levels at the official metal exchanges increased due to the transfer of metals from other stockpiles. The expansion of the Garpenberg zinc and silver mine will increase the mine's ore production capacity from its current level of 1.4 million tonnes per annum to 2.5 million tonnes per annum. The new facilities are scheduled, as planned, to commence production during the first six months of 2014. The investment is Boliden's second big investment ever and is expected to total SEK 3.9 billion. A facility for the extraction of silver from zinc concentrates, which contain increasing grades of silver, is being built at the Kokkola zinc smelter. The investment is estimated at SEK 240 million and production is scheduled to start in the third quarter of 2014.
Boliden AB will voluntarily delist from the Toronto Stock Exchange (TSX) at the close on April 23, 2013.
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Industry Analysis
BOL
Industry Average
| Valuation | BOL | Industry Range |
| Price/Earnings | 9.6x |
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| Price/Sales | 0.7x |
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| Price/Book | 1.1x |
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| Price/Cash Flow | 9.6x |
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| TEV/Sales | 0.5x |
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To contact BOLIDEN AB, please visit www.boliden.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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