Main facts of the Q3 16 release: The order intake was flat yoy at SEK19.7bn, confirming the stabilisation of the business. Notably, order intake excluding major orders also remained stable. Revenue decreased 5% organically, and corresponded more or less to the overall performance in each division. Despite this decrease in revenue, the company managed to deliver a 13.3% operating margin (versus 11.2% in Q3 15), the improvement resulted directly from efficiencies and 0.4% from exchange rates. A
25 Oct 2016
Efficiency plans begin to bear fruit
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Efficiency plans begin to bear fruit
Sandvik AB (SVKB:FRA) | 0 0 0.9% | Mkt Cap: 185,022m
- Published:
25 Oct 2016 -
Author:
Lionel Pellicer -
Pages:
3
Main facts of the Q3 16 release: The order intake was flat yoy at SEK19.7bn, confirming the stabilisation of the business. Notably, order intake excluding major orders also remained stable. Revenue decreased 5% organically, and corresponded more or less to the overall performance in each division. Despite this decrease in revenue, the company managed to deliver a 13.3% operating margin (versus 11.2% in Q3 15), the improvement resulted directly from efficiencies and 0.4% from exchange rates. A