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Q2 2021 Quarter Six months 12 months Full year Jul - Jun 2020 2-2021 2-2020 1-2021 2021 2020 56,321 17,891 13,391 17,083 34,975 26,600 64.695 SEK m Revenues Operating profit ex . revaluation of process inventory Operating profit Profit after financial items Net profit Earnings per share , SEK Free cash flow Net debt Return on capital employed , % Return on equity , % Net debt / equity ratio , % 8,438 8,935 2,616 1,634 2,449 5,065 3,137 10,366 2,785 1.801 2,779 5,564 3,236 11,263 2,727 1,726 2,719 5,446 3,095 11,018 8.668 2,191 1,346 2,178 4,368 2,413 8,756 6,801 8.00 4.92 7.96 15.96 8.82 32.00 24.86 2,013 1,174 2,165 4,178 329 8,807 1,999 6,946 4,957 132 1,999 6,946 1,999 2,236 4 17 Operating profit excluding revaluation of process inventory totaled SEK 2,616 m ( 1,634 ) . Free cash flow was SEK 2,013 m ( 1,174 ) . 4 ● 17 21.8 19.3 BOLIDEN 4 Strong earnings and cash flow 17.2 15.8 5 High metal prices . Stable production in both Mines and Smelters . The Board has today decided to invest EUR 700 m in the smelter in Odda to increase capacity from 200 to 350 ktonnes / year . BOLIDEN - Interim Report for the second quarter of 2021 , July 21 , 2021 1