FY19 numbers were broadly in line with our and the street’s expectations. The long-cycle businesses have been doing well, while the short-cycle ones are still under pressure. Visibility remains low for the latter, explaining our rather cautious top-line expectations going into FY20. The separate listing of SMT will be another focus for investors in the current year (c.15% of total revenues).
21 Jan 2020
FY19 in line but order-intake still a bit weak
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FY19 in line but order-intake still a bit weak
Sandvik AB (SVKB:FRA) | 0 0 0.9% | Mkt Cap: 185,022m
- Published:
21 Jan 2020 -
Author:
Fabrice Farigoule -
Pages:
3
FY19 numbers were broadly in line with our and the street’s expectations. The long-cycle businesses have been doing well, while the short-cycle ones are still under pressure. Visibility remains low for the latter, explaining our rather cautious top-line expectations going into FY20. The separate listing of SMT will be another focus for investors in the current year (c.15% of total revenues).