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Sandvik Reports Q2 Results



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July 19 (Reuters) -Sandvik AB SAND.ST:

  • MINING AND ROCK SOLUTIONS: EXPERIENCED SOLID DEMAND, AND THE QUARTER MARKED THE SECOND HIGHEST ORDER INTAKE LEVEL EVER

  • ROCK PROCESSING SOLUTIONS: STABLE DEMAND IN MINING DRIVEN BY HIGH COMMODITY PRICES

  • TRANSACTION AND TRANSLATION CURRENCY EFFECTS WILL HAVE IMPACT OF ABOUT SEK -250 MILLION ON EBITA FOR THIRD QUARTER OF 2024, VERSUS YEAR AGO

  • ROCK PROCESSING SOLUTIONS: DEMAND IN INFRASTRUCTURE REMAINED SUBDUED, WITH REGIONAL DIFFERENCES: LOW ACTIVITY IN EUROPE, POSITIVE SENTIMENT IN INDIA, AND MIXED SIGNALS FROM NORTH AMERICA

  • MANUFACTURING AND MACHINING SOLUTIONS: ORGANIC ORDER INTAKE GREW BY 4%, DRIVEN BY DOUBLE DIGIT GROWTH IN THE SOFTWARE BUSINESS, A STRONG DEVELOPMENT IN THE POWDER BUSINESS

  • MANUFACTURING AND MACHINING SOLUTIONS: DEMAND FOR CUTTING TOOLS FROM AEROSPACE INDUSTRY CONTINUED TO BE SOLID, WHILE AUTOMOTIVE AND GENERAL ENGINEERING HAD A NEGATIVE DEVELOPMENT Y/Y

Source text for Eikon: ID:nWkr9R29FY

Further company coverage: SAND.ST


(Gdansk Newsroom)

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