Boliden Q3 2022 Results: EPS Beats Expectations, Revenue Lags
Boliden (STO:BOL) Third Quarter 2022 Results
Main financial results
- Turnover: 19.5 billion kr (up 23% compared to the 3rd quarter of 2021).
- Net profit: 2.71 billion kr (up 51% compared to Q3 2021).
- Profit margin: 14% (compared to 11% in the 3rd quarter of 2021).
- The increase in the margin is explained by the increase in revenues.
- EPS: 9.90 kr (compared to 6.57 kr in the 3rd quarter of 2021).
All figures shown in the table above are for the 12 month period (TTM)
Boliden EPS exceeds expectations, revenues fall short
Revenue missed analyst estimates by 6.0%. Earnings per share (EPS) exceeded analysts’ estimates of 4.5%.
Looking ahead, revenues are expected to remain stable over the next 3 years, compared to a 3.9% decline forecast for the metals and mining industry in Sweden.
Performance of the Swedish metal and mining industry.
Shares of the company are down 9.7% from a week ago.
It must be said that we discovered 2 warning signs for Boliden (1 is a bit worrying!) which you should be aware of before investing here.
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