Boliden Reports Strong Q3 Profit Exceeding Expectations

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

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.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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