Boliden AB (BOL) Q2 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.166 -- 00:00:05.251 Ladies and gentlemen, I'd like to welcome you to Boliden's Q2 2025 00:00:05.251 -- 00:00:07.493 results presentation. 00:00:07.493 -- 00:00:12.357 My name is Olof Grenmark and I'm Head of Investor Relations. 00:00:12.357 -- 00:00:17.562 Today we will have a results presentation led by our President and CEO Mikael Staffas 00:00:17.562 -- 00:00:22.586 and our CFO Håkan Gabrielsson. We will also have a Q&A session which 00:00:22.586 -- 00:00:26.508 will be led by the operator. 00:00:26.850 -- 00:00:29.490 Mikael, welcome. 00:00:30.710 -- 00:00:34.616 Thank you, Olof, and welcome to all of you out there as well. 00:00:34.616 -- 00:00:37.537 I hope you're doing fine. 00:00:37.680 -- 00:00:42.267 Let's get going and get to talking about the quarter and the core report that we have 00:00:42.267 -- 00:00:44.568 just released. 00:00:45.031 -- 00:00:48.276 If you look at the highlights, we had a 00:00:48.276 -- 00:00:53.424 profit-excluding inventory valuation of almost 1.3 00:00:53.424 -- 00:00:57.850 billion SEK. There's been quite a lot of accounting going on in this quarter and Håkan 00:00:57.850 -- 00:01:02.236 will come back and talk a little bit about those things that are affecting plus and minus. 00:01:02.236 -- 00:01:06.882 What is clear though is that we have a negative currency effect of about 600 million 00:01:06.882 -- 00:01:10.407 compared both to last year and compared to first quarter. 00:01:10.407 -- 00:01:13.131 It happened to be the same numbers. 00:01:13.131 -- 00:01:17.597 We've also had extensive planned maintenance and this was well communicated beforehand 00:01:17.597 -- 00:01:21.939 and We were happy to be able to complete them exactly according to plan. 00:01:21.939 -- 00:01:25.244 As always, when you have major ma...