Boliden AB (publ) (BDNNY) Q1 2026 Earnings Call April 28, 2026 3:00 AM EDT
Company Participants
Olof Grenmark - Director of Investor Relations
Mikael Staffas - President & CEO
Håkan Gabrielsson - Executive VP & CFO
Conference Call Participants
Adrian Gilani Göransson - ABG Sundal Collier Holding ASA, Research Division
Alain Gabriel - Morgan Stanley, Research Division
Liam Fitzpatrick - Deutsche Bank AG, Research Division
Marina Calero Ródenas - RBC Capital Markets, Research Division
Amos Fletcher - Barclays Bank PLC, Research Division
Krishan Agarwal - Citigroup Inc., Research Division
Daniel Major - UBS Investment Bank, Research Division
Richard Hatch - Joh. Berenberg, Gossler & Co. KG, Research Division
Boris Bourdet - Kepler Cheuvreux, Research Division
Pavel Kirjanovs - BofA Securities, Research Division
Presentation
Olof Grenmark
Director of Investor Relations
Ladies and gentlemen, I'd like to welcome you to Boliden's Q1 2026 Results Presentation. My name is Olof Grenmark, and I'm Head of Investor Relations. Today, we will have a results presentation led by our President and CEO, Mikael Staffas; and our CFO, Håkan Gabrielsson. We will also have a Q&A session led by the operator. Mikael, welcome.
Mikael Staffas
President & CEO
Thank you, Olof, and welcome to all of you. We are welcoming you from Askersund. For those of you who are maybe non-Swedes and wonder where that is, that is the closest bigger municipality to Zinkgruvan. We will have our AGM here in a couple of hours, following the tradition that we try to have our AGMs close to operating sites.
Now regarding the quarter. The highlight for the quarter is that we've had a good production quarter. We're coming in with an EBIT, excluding the process inventory revaluation of around SEK 4.4 billion and also a strong cash flow, strong cash flow also considering that Q1 is normally a relatively weak cash flow quarter. We've had solid performance in both of our
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