Boliden, a prominent mining and metals company, anticipates potential financial setbacks in the first quarter due to a two-week political strike starting today, March 11, in Finland. Although the strike does not directly involve Boliden, its operations could see significant disruptions, particularly due to actions affecting Finland's ports and rail system.
The company has outlined that while the direct impact on its operations remains limited, efforts are underway to mitigate effects on customer deliveries. Boliden estimates an operating profit reduction of approximately SEK 300 million (about $29.4 million USD) for the first quarter, attributing SEK 100 million (around $9.8 million USD) to reduced production and SEK 200 million (approximately $19.6 million USD) to delivery delays. However, the financial implications of the delayed deliveries are viewed as temporary, with expectations of recovery in the second quarter. Additionally, a negative cash flow impact of SEK 500 million (around $49 million USD) is anticipated, mainly due to a short-term increase in working capital.
