Boliden reported exceptionally strong Q3 16 results, with profitability materially exceeding AlphaValue’s estimates. Sales came in at SEK9.7bn (-0.3% yoy; +1.4% qoq) as the solid contribution from mines (+44% yoy; +28% qoq) – on the back of extremely strong zinc prices and healthy volumes – simultaneously translated into higher internal sales (+50% yoy; 42% qoq). Profitability was a big surprise, with adjusted EBIT galloping (+74% yoy; +94% qoq) to SEK1.5bn. Both mining and
24 Oct 2016
Highest quarterly profit since 2012
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Highest quarterly profit since 2012
Boliden reported exceptionally strong Q3 16 results, with profitability materially exceeding AlphaValue’s estimates. Sales came in at SEK9.7bn (-0.3% yoy; +1.4% qoq) as the solid contribution from mines (+44% yoy; +28% qoq) – on the back of extremely strong zinc prices and healthy volumes – simultaneously translated into higher internal sales (+50% yoy; 42% qoq). Profitability was a big surprise, with adjusted EBIT galloping (+74% yoy; +94% qoq) to SEK1.5bn. Both mining and