Q2 15 orders at SEK22,743m, a -4% yoy organic change (-2% sequentially), were impacted by a low order intake in mining systems and the challenging oil & gas segment (negative impact on Sandvik Materials). Stable demand for Construction and a performance improvement (the EBIT margin reached 6.6%) helped by ongoing efficiency measures. The Mining segment saw a neutral book-to-bill in Q2 15 for Equipment and aftermarket combined (one large order but continued low demand for mining systems),
17 Jul 2015
Q2 results showed strong execution amid weak demand
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Q2 results showed strong execution amid weak demand
Sandvik AB (SVKB:FRA) | 0 0 0.9% | Mkt Cap: 185,022m
- Published:
17 Jul 2015 -
Author:
Lionel Pellicer -
Pages:
2
Q2 15 orders at SEK22,743m, a -4% yoy organic change (-2% sequentially), were impacted by a low order intake in mining systems and the challenging oil & gas segment (negative impact on Sandvik Materials). Stable demand for Construction and a performance improvement (the EBIT margin reached 6.6%) helped by ongoing efficiency measures. The Mining segment saw a neutral book-to-bill in Q2 15 for Equipment and aftermarket combined (one large order but continued low demand for mining systems),