Boliden reported too good to be true Q4 16 and full-year results, which were materially ahead of AV’s estimates. Prices, volumes and costs – all rendered sizeable benefits Q4 sales were SEK12.1bn (+25% yoy and qoq), while during 2016 they were almost unchanged at SEK40.3bn. Despite subdued zinc mining and smelting volumes, a combination of healthy copper mining and smelting volumes, (strong zinc) price improvements and Swedish krona (SEK) tailwinds triggered a material uptick in Q
16 Feb 2017
A phenomenal Q4 16 summed-up an overall strong year
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A phenomenal Q4 16 summed-up an overall strong year
Boliden reported too good to be true Q4 16 and full-year results, which were materially ahead of AV’s estimates. Prices, volumes and costs – all rendered sizeable benefits Q4 sales were SEK12.1bn (+25% yoy and qoq), while during 2016 they were almost unchanged at SEK40.3bn. Despite subdued zinc mining and smelting volumes, a combination of healthy copper mining and smelting volumes, (strong zinc) price improvements and Swedish krona (SEK) tailwinds triggered a material uptick in Q