Boliden AB (publ) (BOL) Earnings Call Transcripts

Boliden AB (publ)'s Latest Earnings Call - March 26, 2026

In Q1 2026, Boliden AB faced significant operational disruptions due to seismic activity at its Garpenberg mine, impacting production and financial performance. Revenue and earnings were adversely affected, with an estimated SEK 400 million loss for the quarter. Management has guided for a substantial reduction in production capacity, initially targeting 30% of normal output. The company has declared force majeure on concentrate deliveries, indicating further financial strain. No changes to forward guidance were provided, but the situation remains fluid as management assesses the full impact.

Reported metrics

Guidance from management

Management did not provide explicit forward guidance but indicated a focus on restoring production to 30% capacity and exploring options for increasing output from unaffected areas.

What management said

Ladies and gentlemen, I'd like to welcome you to this Boliden telephone conference. My name is Olof Grenmark, and I'm Head of Investor Relations. Today, we will have an update by our President and CEO, Mikael Staffas, based on the press release that we sent out last evening. We will also have a Q&A session where our President, Boliden Mines, Stefan Romedahl, will also participate alongside Mr. Staffas. Mikael, I ha...

Yes. I can take that one very quickly. It would have been -- the answer is yes to both of your questions. It would have been the majority of the production for a couple of years forward, but it was slowly getting less as it was coming slowly towards an end.

What analysts pressed on

Analysts expressed concerns about the timeline for full production recovery and the financial impact of reduced capacity. Questions focused on the flexibility of the mine plan and the potential for further seismic events.

Main topics on the call

• Seismic Activity Impact — Seismic activity severely impacted the Garpenberg mine, particularly the upper Lappberget ore body, which accounts for 70% of production. Management stated, 'it is obvious to us that the damages here are big enough that ...
• Production Capacity Reduction — Boliden plans to resume production at 30% capacity from unaffected areas such as Kvarnberget and Dammsjon. The timeline for full recovery is uncertain, with management stating, 'we have not done the plan yet.'
• Financial Impact and Force Majeure — The company expects a SEK 400 million loss in Q1 due to the incident and has declared force majeure on concentrate deliveries. Management noted, 'we are losing about SEK 400 million compared to what somebody could have g...
• Infrastructure and Repair Efforts — Inspections revealed moderate damage to infrastructure, with repairs expected to take a couple of weeks. Management stated, 'we have started the repair works. It will take a couple of weeks.'

Read the full Boliden AB (publ) transcript (March 26, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 40 Boliden AB (publ) earnings call transcripts on record, spanning February 13, 2020 to July 21, 2026. Based on this history, Boliden AB (publ) reports quarterly. The most recent call on file is dated July 21, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

BOL

Exchange

OM

Country

SE

Sector

Materials

Industry

Metals and Mining

Calls on record

40

First call

February 13, 2020

Most recent

July 21, 2026

Reporting cadence

quarterly