Sweden's Boliden Q2 revenue rises, helped by acquired mines

Boliden AB (publ)

21/07/2026 07:14

    

    Overview
  
Sweden metals miner's Q2 revenue and operating profit rose yr/yr
Operating profit excluding inventory revaluation nearly doubled from prior year
Free cash flow remained negative due to inventory build-up

    

    Outlook
  
Company did not provide specific guidance for future quarters or the full year

    

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

    
Company press release: ID:nPn1FxZhYa

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 Revenues
 
SEK 25,733 mln
 

    

    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

    

    Reuters Recommended Reads
  
July 21 - Sweden's Boliden H1 revenue and profit rise sharply helped by acquired mines
July 19 - South32 Q4 copper output declines, missing market estimates 
July 20 - Canada's Altius Minerals Q2 royalty revenue attributable more than doubles on higher prices

    
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.)