A number of trade unions inFinland have carried out political strikes during the quarter, which have affectedBoliden's access to critical infrastructure such as railway and harbors. The strikes do not involveBoliden as a negotiating party, and the impact on production has been limited. If the announced extension of the ongoing strike untilMarch 31 is carried out, the total impact onBoliden's operating profit in the first quarter 2024 is estimated to approximatelySEK 500 million , whereofSEK 200 million is due to reduced production andSEK 300 million to delayed deliveries to customers. The effect due to delayed deliveries is temporary and expected to be regained during the second quarter. The negative cash flow impact during the first quarter is now estimated to approximatelySEK 1 billion , which is higher than previously communicated following the now extended strike. Some impact on production is also expected during the second quarter, based on currently assumed circumstances. For further information, please contact:Klas Nilsson ,Director Group Communications , phone: +46 70-453 65 88 klas.nilsson@boliden.comBoliden's vision is to be the most climate-friendly and respected metal provider in the world. We areEurope's producer of sustainable metals and, guided by our values care, courage and responsibility, we operate within exploration, mines, smelters and recycling. We are about 6,000 employees and have annual revenues of approximatelySEK 80 billion . The share is listed in the Large Cap segment of NASDAQ OMX Stockholm.
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