Last kr117.20 SEK
Change Today -0.20 / -0.17%
Volume 2.0M
As of 11:30 AM 09/16/14 All times are local (Market data is delayed by at least 15 minutes).

boliden ab (BOL) Snapshot

Open
kr117.50
Previous Close
kr117.40
Day High
kr117.80
Day Low
kr115.90
52 Week High
09/8/14 - kr119.60
52 Week Low
10/9/13 - kr87.55
Market Cap
32.1B
Average Volume 10 Days
3.0M
EPS TTM
kr4.87
Shares Outstanding
273.5M
EX-Date
05/7/14
P/E TM
24.0x
Dividend
kr1.75
Dividend Yield
1.49%
Current Stock Chart for BOLIDEN AB (BOL)

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boliden ab (BOL) Details

Boliden AB (publ.), a metals company, is engaged in exploring, mining, smelting, and recycling metals. The company operates in two segments, Smelters and Mines. It produces zinc, copper, lead, gold, and silver metals; sulphur products, including sulphuric acid and liquid sulphur dioxide; copper, lead, zinc, palladium, 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. The company operates underground and open-pit mines in Garpenberg, the Boliden Area, and Aitik in Sweden; and the Tara mine in Ireland. It is also involved in recycling electronic scrap, metal scrap, used lead batteries, copper and precious metals, and nickel concentrate to produce pure metals and customized alloys. The company sells its metals and by-products to 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, the rest of Europe, North America, and internationally. Boliden AB (publ.) is headquartered in Stockholm, Sweden.

5,000 Employees
Last Reported Date: 07/18/14

boliden ab (BOL) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: kr7.3M
Compensation as of Fiscal Year 2013.

boliden ab (BOL) Key Developments

Boliden AB Announces Shareholder Approval for Acquisition of Kylylahti Copper Mine

Boliden AB announced on that the shareholders' meeting of Altona Mining Limited has approved the transaction under which Boliden will acquire the Kylylahti copper mine, the exploration rights and copper/nickel deposits in the Outokumpu field in eastern Finland. This transaction is valued at USD 95 million, subject to adjustments for working capital, net debt and net capital expenditure during the settlement period. Reportedly, the Finnish Competition and Consumer Authority has also given its approval. According to Boliden, with this latest approval, all external approvals required for closing the deal have been received. The company expects to close this transaction on October 1, 2014. This acquisition will be financed by existing loan facilities and the acquired operations will be consolidated as part of Boliden Mines upon closing, the company said. The Kylylahti mine, located 450 kilometres north-east of Helsinki, has copper accounting for 80% of the revenues, with gold, zinc and silver accounting for the remainder. The mine opened in 2012 and has a capacity of 650,000 tonnes of ore per year. The life of the mine is calculated to 2021 based on current mineral reserves.

Boliden AB Reports Consolidated and Parent Earnings Results and Operating Results for the Second Quarter and Six Months Ended June 2014

Boliden AB reported consolidated and parent earnings results and operating results for the second quarter and six months ended June 2014. For the quarter, on consolidated basis, the company reported revenues of SEK 9,438 million against SEK 8,035 million a year ago. The operating profit totaled SEK 478 million against operating loss of SEK 59 million a year ago. Net profit attributable to the parent company's shareholders was SEK 296 million compared to loss of SEK 101 million a year ago. Earnings per share totaled SEK 1.08 against SEK 0.37 a year ago. Cash flow from operating activities was SEK 1,818 million compared to SEK 30 million a year ago. Acquisition of intangible fixed assets was SEK 7 million against SEK 4 million a year ago. Acquisition of tangible fixed assets was SEK 897 million against SEK 1,504 million a year ago. Improvements in metal prices and terms had a positive impact on the profit. The free cash flow of SEK 920 million resulted from lower levels of tied-up working capital and lower investments. Costs in connection with planned maintenance shutdowns in Business Area Smelters of SEK 120 million were charged to the profit. Mined production levels were high and stable during the quarter. For the six months, on consolidated basis the company reported revenue of SEK 17,989 million against SEK 17,285 million a year ago. Operating profit was SEK 743 million against SEK 636 million a year ago. Net profit attributable to the parent company's shareholders was SEK 449 million or SEK 1.64 per share against SEK 407 million or SEK 1.49 per share a year ago. Cash flow from operating activities was SEK 2,260 million against SEK 829 million a year ago. Acquisition of tangible fixed assets was SEK 1,764 million against SEK 2,521 million a year ago. Acquisition of intangible fixed assets was SEK 7 million against SEK 5 million a year ago. Net debt was SEK 8,863 million at the end of June 2014, compared to SEK 8,965 million at the end of June 2013. For the quarter and six months, on parent basis, the company's profit after financial items was SEK 451 million against SEK 2,442 million a year ago. Profit was SEK 451 million against SEK 2,442 million a year ago. For the quarter, the company reported for Mines production, zinc was 75,561 tonnes against 71,558 tonnes a year ago. Copper was 21,436 tonnes against 20,417 tonnes a year ago. Lead was 13,955 tonnes against 12,136 tonnes a year ago. Gold was 1,118 kg against 1,025 kg a year ago. Silver was 79,644 kg against 75,533 kg a year ago. Tellurium was 8,545 kg against 6,569 kg a year ago. For the six months, the company reported, zinc was 138,819 tonnes against 137,034 tonnes a year ago. Copper was 40,735 tonnes against 37,007 tonnes a year ago. Lead was 26,438 tonnes against 23,660 tonnes a year ago. Gold was 2,132 kg against 1,745 kg a year ago. Silver was 136,958 kg against 134,541 kg a year ago. Tellurium was 14,677 kg against 9,796 kg a year ago. For the quarter, the company reported for Smelters production, zinc was 115,877 tonnes against 105,896 tonnes a year ago. Copper was 86,553 tonnes against 63,909 tonnes a year ago. Lead was 6,515 tonnes against 5,836 tonnes a year ago. Lead alloys was 13,234 tonnes (Bergsöe) against 11,329 tonnes (Bergsöe) a year ago. Gold was 4,774 kg against 3,463 kg a year ago. Silver was 169,920 kg against 112,122 kg a year ago. Sulphuric acid was 382,770 tonnes against 317,046 tonnes a year ago. Aluminium fluoride was 8,992 tonnes against 8,305 tonnes a year ago. For the six months, the company reported zinc was 232,765 tonnes against 220,052 tonnes a year ago. Copper was 177,351 tonnes against 146,200 tonnes a year ago. Lead was 12,645 tonnes against 12,097 tonnes a year ago. Lead alloys was 24,193 tonnes (Bergsöe) against 23,738 tonnes (Bergsöe) a year ago. Gold was 8,806 kg against 7,657 kg a year ago. Silver was 300,261 kg against 17,171 kg a year ago. Sulphuric acid was 809,261 tonnes against 714,361 tonnes a year ago. Aluminium fluoride was 17,948 tonnes against 17,171 tonnes a year ago.

Boliden Signs Deal with Australian Altona Mining to Purchase Kylylahti Copper Mine for $95 Million

Boliden has signed a deal with Australian Altona Mining to purchase the Kylylahti copper mine for $95 million. The mine includes the exploration rights and copper /nickel deposits in the Outokumpu field in eastern Finland. Opened in 2012, the Kylylahti mine has the capacity to produce 650,000 t of ore per year until its life time to 2021. It has 110 employees and around 120 contractors. Copper extracted from the mine accounts for 80% of the company revenues, with gold, zinc and silver accounting for the rest. The deal, which is subject to approval by the Finnish Competition and Consumer Authority and shareholders of Altona Mining, is expected to be closed by 1 October.

 

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BOL

Industry Average

Valuation BOL Industry Range
Price/Earnings 22.3x
Price/Sales 0.8x
Price/Book 1.3x
Price/Cash Flow 22.3x
TEV/Sales 0.6x
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