Boliden AB mines, processes and sells metals and mineral products, primarily zinc and copper. The company has mining and milling operations in Europe, and smelting and refining operations in Finland, Norway and Sweden. The company's growth in earnings particularly over the last three years, which has been challenging for multiple reasons including the pandemic, is one of the drivers of positive sentiment around the stock. EBIT margins have grown from 16% to 19% in the last 12 months and revenues are also on an upward trend.
Boliden ranks among the top zinc and copper producers in Europe, bringing mining production from operations accross the Nordic Region to global customers. Boliden, therefore, is a good constituent of the NordicEconomy Portfolio, which allocates capital across diversified economic sectors from the Nordic countries of Europe, including Denmark, Finland, Norway and Sweden.