Boliden Reports Strong Q3 Profit Exceeding Expectations

Published:

Boliden Reports Strong Q3 Profit Exceeding Expectations
Photo: Johanna Norin/TT

The mining group Boliden reports an unexpectedly strong profit for the year's third quarter. Before tax, the profit increases marginally to 2.9 billion kronor for the year's third quarter. During the corresponding quarter last year, the profit was 2.8 billion kronor.

The adjusted operating result fell 8.2 percent in annual terms to 2.8 billion, which was better than expected. Analysts had on average counted on 2.5 billion, according to a compilation of forecasts made by Bloomberg.

Sales revenue fell to 22.0, down from 22.2 billion kronor.

"Overall, the result for the quarter was strong. We have a significant cash flow, despite the fact that major investments are still ongoing, mainly in the Boliden area, Odda and Rönnskär", writes CEO Mikael Staffas in a comment in the report.

According to Boliden, the market is characterized by higher prices and better terms, despite a weaker US dollar.

Loading related articles...

Tags

Author

TTT
By TTEnglish edition by Sweden Herald, adapted for our readers

More news

Loading related posts...