After a weak pricing-inflicted Q3, performance recovered in Q4, with both divisions witnessing meaningful sequential improvements. Although, yoy performance weakened materially due to normalising prices and mining grades. Nevertheless, the full-year results were strong and at record levels. With no major risk to copper and zinc prices, and apt diversification achieved via mining and smelting exposure, Boliden should remain a preferred sector bet.
14 Feb 2019
Q4 performance was a good consolation
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Q4 performance was a good consolation
After a weak pricing-inflicted Q3, performance recovered in Q4, with both divisions witnessing meaningful sequential improvements. Although, yoy performance weakened materially due to normalising prices and mining grades. Nevertheless, the full-year results were strong and at record levels. With no major risk to copper and zinc prices, and apt diversification achieved via mining and smelting exposure, Boliden should remain a preferred sector bet.