Main facts Q1 16: Orders were 7% lower yoy at SEK20,299m (vs SEK22,574m in Q1 15) with Machining Solutions at -6%, Mining at -8%, Materials Technology at -6%, Construction at -9% and Sandvik Venture at -13%. Q1 16 revenue also decreased 7% yoy led by Materials (-13% yoy), Mining (-10%) while Solutions posted an 8% decrease. However, the gross margin reached 38.6% this quarter vs 33.4% in Q1 15 and the adj. operating profit was SEK2,413m, a 19% yoy decline and corresponding to 12.2% versus 13.
26 Apr 2016
Margins stand firm despite weak demand and FX
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Margins stand firm despite weak demand and FX
Sandvik AB (SVKB:FRA) | 0 0 0.9% | Mkt Cap: 185,022m
- Published:
26 Apr 2016 -
Author:
Lionel Pellicer -
Pages:
2
Main facts Q1 16: Orders were 7% lower yoy at SEK20,299m (vs SEK22,574m in Q1 15) with Machining Solutions at -6%, Mining at -8%, Materials Technology at -6%, Construction at -9% and Sandvik Venture at -13%. Q1 16 revenue also decreased 7% yoy led by Materials (-13% yoy), Mining (-10%) while Solutions posted an 8% decrease. However, the gross margin reached 38.6% this quarter vs 33.4% in Q1 15 and the adj. operating profit was SEK2,413m, a 19% yoy decline and corresponding to 12.2% versus 13.