Financial targets

Strong profitability, high environmental performance and healthy, safe workplaces create the conditions for long term, stable operations with high value creation.

Return on investments

The return on investments shall be at least 10%.

The return on investments shall be at least 10%.
Any projects must be in line with strategy and available resources. The return on operating activities measured as a return on capital employed was 21% (17). During the period 2017–2021, the rate of return averaged 19% per year.

Net debt/equity ratio

Boliden strives to achieve a net debt/equity ratio in an economic upturn of approximately 20%.

At the end of 2021, the net debt/equity ratio was -2% (5). Furthermore, the net reclamation liability corresponded to 5 percentage points. The change in comparison to 2020 is due to the continued high cash flow resulting mainly from robust market developments.


The dividend shall correspond to one third of net profit for the year.

The proposed ordinary dividend is SEK 10.50 (8.25) per share, equivalent to SEK 33.0% (33.2) of profit for the year. In addition, an extra disbursement in the amount of SEK 15.50 (6.00) per share was proposed through an automatic share redemption procedure. During the period 2017–2021, the ordinary dividend share was 33.1% of the period's total net profit.