Sweden's Boliden H1 revenue and profit rise sharply helped by acquired mines

Boliden AB (publ)

21/07/2026 06:40

    

    Overview
  
Sweden metals producer's H1 revenue and operating profit rose sharply yr/yr
Earnings per share for H1 increased significantly from prior year
Free cash flow remained negative, mainly due to inventory build-up

    

    Outlook
  
Company did not provide specific financial guidance for the current or future periods

    

    Result Drivers
  
GARPENBERG IMPACT - Significantly lower earnings contribution from Garpenberg, which restarted after a seismic event
ACQUIRED MINES - Strong contribution from acquired mines supported results
AITIK VOLUMES - Improved milled volume at Aitik helped performance

    
Company press release: ID:nWkr8yMcvV

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 Revenue
 
SEK 25.73 bln
 
Q2 EPS
 
SEK 7.81
 
Q2 Adjusted EBIT
 
SEK 2.87 bln
 
Q2 Free Cash Flow
 
-SEK 2.11 bln
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "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 SEK577.50, about 14.2% above its July 20 closing price of SEK505.80
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

    

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(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.)