Boliden reported ahead of consensus results for Q2 16. Unlike Q1, this quarter witnessed a performance reversal in the mining and smelting divisions. Sales came in at SEK9.6bn (-7.5% yoy; +8.4% qoq), with the recovery in commodity markets rendering an ample sequential cushion. While mining volumes across commodities remained healthy, smelting volumes sagged (especially qoq) due to maintenance shutdowns
19 Jul 2016
Mining compensates for lacklustre smelting; although Brexit implications could be critical
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Mining compensates for lacklustre smelting; although Brexit implications could be critical
Boliden reported ahead of consensus results for Q2 16. Unlike Q1, this quarter witnessed a performance reversal in the mining and smelting divisions. Sales came in at SEK9.6bn (-7.5% yoy; +8.4% qoq), with the recovery in commodity markets rendering an ample sequential cushion. While mining volumes across commodities remained healthy, smelting volumes sagged (especially qoq) due to maintenance shutdowns