Sandvik reported Q315 results pointing to lower visibility and margin erosion. Due to the ongoing disposal process, the company has booked the mining systems activity as discontinued. Q315 order intake reached SEK 19726m, a -8% organic decrease with the decline across all geographies and divisions. By divisions, Machining Solutions orders decreased by 6% organically due to lower demand in the automotive segment in Asia, while low oil prices negatively impacted demand for Materials Technology
23 Oct 2015
Weak demand translates progressively into margins
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Weak demand translates progressively into margins
Sandvik AB (SVKB:FRA) | 0 0 0.9% | Mkt Cap: 185,022m
- Published:
23 Oct 2015 -
Author:
Lionel Pellicer -
Pages:
2
Sandvik reported Q315 results pointing to lower visibility and margin erosion. Due to the ongoing disposal process, the company has booked the mining systems activity as discontinued. Q315 order intake reached SEK 19726m, a -8% organic decrease with the decline across all geographies and divisions. By divisions, Machining Solutions orders decreased by 6% organically due to lower demand in the automotive segment in Asia, while low oil prices negatively impacted demand for Materials Technology