A number of trade unions have announced a two-week long political strike inFinland startingMarch 11, 2024 . The strike is politically motivated and does not involveBoliden as a negotiating party. The direct industrial actions atBoliden's operations are limited, however,Boliden is heavily indirectly affected by industrial actions inFinland's harbors and railroad system.Boliden will try to limit the impact on its customers. If the strike goes through as announced, it is estimated thatBoliden's operating profit in the first quarter 2024 will be negatively affected by approximatelySEK 300 million , whereofSEK 100 million are due to reduced production andSEK 200 million due to delayed deliveries to customers. TheSEK 200 million due to delayed deliveries is a temporary effect and is expected to be regained during the second quarter. The negative cash flow impact during the first quarter is estimated toSEK 500 million , mainly due to a temporary increase of working capital. For further information, please contact:Klas Nilsson ,Director Group Communications , phone: +46 70-453 65 88 klas.nilsson@boliden.com
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