Various factors weighed on Q4 profitability. Moreover, given the FY profitability correction, the dividend was cut 20% and no share redemptions were announced. Although, with less severe maintenance shutdowns (and, hence, less severe volume issues) guided for 2020, and sustained SEK tailwinds and an unwavering focus on developed markets, Boliden seems better positioned vis-à-vis highly China-dependent large-cap miners.
13 Feb 2020
Weak profitability resulted in lower shareholder rewards
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Weak profitability resulted in lower shareholder rewards
Various factors weighed on Q4 profitability. Moreover, given the FY profitability correction, the dividend was cut 20% and no share redemptions were announced. Although, with less severe maintenance shutdowns (and, hence, less severe volume issues) guided for 2020, and sustained SEK tailwinds and an unwavering focus on developed markets, Boliden seems better positioned vis-à-vis highly China-dependent large-cap miners.