Boliden AB (BOL) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.898 Ladies and gentlemen, I'd like to welcome you to Boliden's Q1 2025 00:00:04.898 -- 00:00:07.262 results presentation. 00:00:07.262 -- 00:00:11.247 My name is Olof Grenmark and I'm head of investor relations. 00:00:11.247 -- 00:00:17.056 Today we will have a results presentation led by our president and CEO, Mikael Staffas, 00:00:17.056 -- 00:00:23.585 followed by our CFO, Håkan Gabrielsson. We will also have a Q&A session. 00:00:23.585 -- 00:00:26.286 Mikael, welcome. 00:00:27.591 -- 00:00:29.680 Thank you, Olof. 00:00:29.680 -- 00:00:34.567 Good seeing all of you. We are, unless it's already clear to everybody, we are in Itik 00:00:34.567 -- 00:00:40.096 today. We have a lovely day here with about minus five degrees and clear skies. 00:00:40.096 -- 00:00:43.220 And we're slowly approaching spring over here. 00:00:43.220 -- 00:00:47.186 The snow shield is maybe a little bit less than it was during winter, but we still have 00:00:47.186 -- 00:00:52.314 plenty of snow around. We will have later today the AGM here 00:00:52.314 -- 00:00:57.712 as well. And then later this afternoon, We will also inaugurate the dam 00:00:57.712 -- 00:01:02.036 project, and I'll talk a little bit more about that one in a little while. 00:01:02.036 -- 00:01:05.798 So anyway, all of you, welcome this morning. 00:01:06.601 -- 00:01:09.263 First of all, the highlights of the quarter. 00:01:09.263 -- 00:01:13.588 We had an operating profit of 2.6 billion kronor. 00:01:13.588 -- 00:01:17.289 In this, there has been a negative impact 00:01:17.672 -- 00:01:19.594 from the Finnish 00:01:19.594 -- 00:01:24.498 strikes of about 100 million, very much in line with what we said when we talked about 00:01:24.498 -- 00:01:30.016 a quarter back. free cash flow of a nega...