Q3 Interim Report 2022 - Boliden
Boliden AB reported a strong Q3 2022 performance with revenues of SEK 19,480 m, up from SEK 15,906 m last year. The operating profit rose to SEK 3,550 m from SEK 2,305 m, while earnings per share increased to SEK 9.90 from SEK 6.57. However, free cash flow significantly dropped to SEK 97 m, mainly due to higher investments and increased inventory. Despite lower metal prices and continued high inflation, the company maintained stable production levels, although with lower grades and zinc production.
- Revenue increased by 22.1% year-over-year to SEK 19,480 m.
- Operating profit grew to SEK 3,550 m, reflecting strong operational performance.
- Earnings per share improved significantly to SEK 9.90 from SEK 6.57.
- Free cash flow decreased sharply to SEK 97 m from SEK 962 m.
- Lower grades and decreased zinc production impacting overall performance.
STOCKHOLM, Oct. 20, 2022 /PRNewswire/ --
Q3 2022
- Revenues totaled SEK 19,480 m (15,906)
- The operating profit totaled SEK 3,550 m (2,305)
- The operating profit excluding revaluation of process inventory totaled SEK 3,484 m (2,419)
- Free cash flow totaled SEK 97 m (962)
- Earnings per share totaled SEK 9.90 (6.57)
Strong result despite high inflation
- Lower metal prices compared with the previous quarter
- Stable production in Mines but lower grades
- Lower zinc production, but positive contribution from sale of electricity in Smelters
- Continued high inflation
- The decrease in free cash flow was mainly due to higher investments and increased inventory
Please find enclosed the full report.
The Interim Report will be presented via a webcast/conference call on Thursday, October 20 at 09:30 (CET). Information is available at www.boliden.com.
Contact persons for information:
Mikael Staffas, President & CEO Tel: +46 8 610 15 00
Håkan Gabrielsson, CFO Tel: +46 8 610 15 00
Olof Grenmark, Director Investor Relations Tel: +46 70 291 57 80
Email: olof.grenmark@boliden.com
This information is information that Boliden AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of Director Investor Relations, at 07.45 CET on October 20, 2022.
The following files are available for download:
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SOURCE Boliden
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