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).
OM: BOL Profit and Revenue Growth October 23, 2022

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.

Risk analysis

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.

Valuation is complex, but we help make it simple.

Find out if Bolide is potentially overvalued or undervalued by viewing our full analysis, which includes fair value estimates, risks and warnings, dividends, insider trading and financial health.

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This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

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