Sweden's Boliden Q1 revenue beats, stronger metal prices lift earnings

Boliden AB

28/04/2026 06:39

Overview

Sweden metals producer's Q1 revenue beat analyst expectations

Adjusted EBIT and EPS rose yr/yr, driven by stronger metal prices and mine output

Abnormal seismic activity in Garpenberg led to SEK 700 mln asset write-down

Outlook

Boliden updates Garpenberg 2026 guidance: milled volume 1.5 Mtonnes, zinc grade 2.7%, silver grade 100g/t

Company expects Garpenberg Q2 2026 milled production to be 0.1 Mtonnes

Garpenberg 2027 milled volume estimated at 2.3 Mtonnes

Result Drivers

MINE OUTPUT - Continued strong mine production at Aitik and Kevitsa supported results

METAL PRICES - Stronger metal prices contributed to improved performance

SMELTER PRODUCTION - Year-on-year gold and silver production increased in Smelters

Company press release: ID:nWkr3tr51Y

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
SEK 27.82 bln
SEK 26.94 bln (7 Analysts)
Q1 EPS
SEK 13.45
Q1 Adjusted EBIT
SEK 4.43 bln
Q1 Free Cash Flow
SEK 1.67 bln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 14 "hold" and 3 "sell" or "strong sell"

The average consensus recommendation for the specialty mining & metals peer group is "buy."

Wall Street's median 12-month price target for Boliden AB is SEK542.50, about 5.6% above its April 27 closing price of SEK513.60

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)