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Q1 2021 Quarter BOLIDEN 12 months Full year SEK m Revenues 1-2021 1-2020 4-2020 Apr - Mar 2020 17,083 13,210 16,170 60,195 56,321 Operating profit ex . revaluation of process inventory 2,449 1,504 3,043 9,383 8,438 Operating profit 2,779 1,435 3,077 10,280 8,935 Profit after financial items 2,719 1,369 3,013 10,018 8,668 Net profit 2,178 1,067 2,353 7,911 6,801 Earnings per share , SEK 7.96 3.90 8.60 28.92 24.86 Free cash flow 2,165 -845 2,750 7,968 4,957 Net debt 132 6,534 2,236 132 2,236 Return on capital employed , % Return on equity , % Net debt / equity ratio , % Strong cash flow 19.8 17.2 17.9 15.8 0 15 5 5 Operating profit excluding revaluation of process inventory totaled SEK 2,449 m ( 1,504 ) . • Free cash flow was SEK 2,165 m ( -845 ) . Boliden Low Carbon Copper Higher metal prices , but lower treatment charges . • Production disruptions in Mines . • Stable production in Smelters . BOLIDEN - Interim Report for the first quarter of 2021 , 27 April 2021 1