Boliden AB Reports Q3 Revenue Growth of 38.6% Amidst Major Acquisition Announcement
Boliden AB reported strong third-quarter financial results, highlighted by a significant year-over-year revenue increase of 38.6%, reaching SEK 30.44 billion. Despite the top-line growth and a GAAP EPS of SEK 13.69, free cash flow saw a notable decline, falling to SEK 1.12 billion from SEK 2.28 billion in the previous year. The company is also undertaking a major strategic expansion, announcing plans to acquire a 64.7% majority stake in Nexa Resources S.A. for $1.31 billion. This move signals Boliden's intent to strengthen its market position and resource base through large-scale M&A activity.
Topics: earnings report free cash flow M&A revenue growth
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