Main facts of Q415 results: Order intake was SEK19.5bn below market expectations, revenue reached SEK20.9bn and adj. operating profit was at SEK2.3bn roughly in line with consensus. Sandvik reported that demand in China and in US is declining, and the energy market is still challenging with spillover effects in the engineering segment. SEK1.4b non-recurring cost booked mostly for Machining Solutions and Machining Technology: SEK250m for the supply chain optimization and SEK220m cost in SMS, a
03 Feb 2016
More pain ahead
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More pain ahead
Sandvik AB (SVKB:FRA) | 0 0 0.9% | Mkt Cap: 185,022m
- Published:
03 Feb 2016 -
Author:
Lionel Pellicer -
Pages:
2
Main facts of Q415 results: Order intake was SEK19.5bn below market expectations, revenue reached SEK20.9bn and adj. operating profit was at SEK2.3bn roughly in line with consensus. Sandvik reported that demand in China and in US is declining, and the energy market is still challenging with spillover effects in the engineering segment. SEK1.4b non-recurring cost booked mostly for Machining Solutions and Machining Technology: SEK250m for the supply chain optimization and SEK220m cost in SMS, a