Boliden made strong 2022

The company's full-year report describes a successful year with sales of SEK 86.4 billion (68.6). Operating profit excluding revaluation of process inventories was SEK 15.7 billion (10.3) and net profit was SEK 12.4 billion (8.7).

“A strong quarter brings to an end an even stronger record year. Production stability is generally good, and our investment projects are on track. The work on development projects is also proceeding well, which all bodes well for the future,” says Mikael Staffas, President and CEO.

The production volume was higher than the previous year, which was characterised by production disruptions mainly at Tara and Harjavalta. Higher enriched volume in the Mining business area and higher production volume in the Smelting business area compensated for lower ore grades, mainly in the open-pit mines.

Costs increased compared to 2021 due to higher mined volume in the Mining business, higher production volume in the Smelting business, higher maintenance and energy costs and high cost inflation.

The Board proposes to increase the ordinary dividend to SEK 15.00 per share, from SEK 10.50 per share last year. At the same time, an additional dividend of SEK 11.50 is proposed through an automatic redemption procedure. Last year, the extra dividend was SEK 15.50. This gives a total dividend of SEK 26.50 per share. 

The privately owned mining company's largest copper mine, Aitik, is located outside Gällivare in Norrbotten.

Lennart Håkansson

editor@northswedenbusiness.com