Boliden Reports Strong Q1 Growth Driven by Metal Prices and New Acquisitions

Boliden AB has posted a robust set of first-quarter results, with net profit attributable to parent company owners climbing to SEK 3.82 billion, up from SEK 2.19 billion in the same period last year. The Swedish mining and smelting firm attributed the growth to a combination of favorable metal pricing, increased production volumes, and the integration of newly acquired mining assets. These gains were partially tempered by the financial impact of an incident at the Garpenberg site. Despite this, the company's top and bottom lines showed substantial year-over-year improvement. Revenue for the quarter rose to SEK 27.82 billion, compared to SEK 21.12 billion a year prior, while operating profit surged to SEK 5.25 billion from SEK 3.06 billion. Earnings per share (EPS) reflected this growth, increasing to SEK 13.45, nearly doubling the previous year's figure of SEK 7.99. The company's ability to leverage higher volumes and pricing suggests strong operational momentum entering the second quarter. Looking ahead, management has maintained its full-year 2026 outlook. However, the company warned of planned smelter maintenance shutdowns that are expected to reduce operating profit by a total of SEK 450 million over the year. The bulk of this impact, SEK 350 million, is anticipated in the second quarter, with SEK 50 million each in the third and fourth quarters. In recent trading, Boliden shares closed at SEK 513.60 on the Stockholm Stock Exchange, marking a 3.28% decline on Monday.