Boliden Full Year 2024 Earnings: Revenues Beat Expectations, EPS In Line

Boliden (STO:BOL) Full Year 2024 Results

Key Financial Results

• Revenue: kr89.2b (up 14% from FY 2023).
• Net income: kr10.0b (up 65% from FY 2023).
• Profit margin: 11% (up from 7.7% in FY 2023).
• EPS: kr36.65 (up from kr22.20 in FY 2023).

BOL Production and Reserves

Zinc

• Production: 0.618 Mt (0.653 Mt in FY 2023)
• Proved and probable reserves (ore): 130.4 Mt (125.3 Mt in FY 2023)
• Number of mines: 3 (3 in FY 2023)

Nickel

• Production: 52,000 t (44,000 t in FY 2023)
• Proved and probable reserves (ore): 97.5 Mt (82.1 Mt in FY 2023)
• Number of mines: 1 (1 in FY 2023)

Gold

• Production: 672.81 troy koz (832.39 troy koz in FY 2023)
• Proved and probable reserves (ore): 1,309 Mt (1,340 Mt in FY 2023)
• Number of mines: 4 (4 in FY 2023)

All figures shown in the chart above are for the trailing 12 month (TTM) period

Boliden Revenues Beat Expectations

Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) was mostly in line with analyst estimates.

The primary driver behind last 12 months revenue was the Smelters segment contributing a total revenue of kr85.6b (96% of total revenue). Notably, cost of sales worth kr76.3b amounted to 86% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to kr1.29b (42% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of kr216.0m. Explore how BOL's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Metals and Mining industry in Sweden.

Performance of the Swedish Metals and Mining industry.

The company's shares are down 2.0% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Boliden that you need to take into consideration.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.