Boliden reaches March 2023 highs on Q3 earnings beat

Boliden AB

22/10/2025 08:43

** Shares in Boliden BOL.ST rise 3.5% to their highest level since March 2023, after the Swedish industrial group reported its Q3 earnings above the forecast, driven by its mining division

** The Swedish mining and smelting group posts quarterly operating profit of 2.75 billion Swedish crowns ($292.07 million), beating the company-provided consensus of 2.48 billion Swedish crowns

** J.P. Morgan attributes the beat to the stronger-than-expected performance in the mining segment

** Free cash flow and net debt beat expectations, supported by a substantial working capital release, JPM analysts note

       ** "We estimate today's beat will increase FY25e EBIT Ex PIR consensus by ~3%", RBC says

** Up to the previous session's close, shares were up 31.9%​ YTD

($1 = 9.4155 Swedish crowns)

(Reporting by Tomasz Kanik)

((tomasz.kanik@thomsonreuters.com))