Sandvik reported Q2 17 results showing a strong overall yoy improvement. Q2 17 order intake grew +17% yoy to SEK24,533m, boosted by Mining (+23% organically) and Materials (+40%) including large orders for SEK1bn, and +6% for Machining Solutions while revenues reached SEK23,553m, +9% yoy. The operating margin reached 13.9% (13.3% in Q2 16) and 15.8% after adjustments. The cash flow from operations was SEK2,493m, a +22% increase versus last year. The EPS for Q2 17 reached SEK1.75, correspondin
18 Jul 2017
Strong demand but struggling margins in Material Technology
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Strong demand but struggling margins in Material Technology
Sandvik AB (SVKB:FRA) | 0 0 0.9% | Mkt Cap: 185,022m
- Published:
18 Jul 2017 -
Author:
Lionel Pellicer -
Pages:
3
Sandvik reported Q2 17 results showing a strong overall yoy improvement. Q2 17 order intake grew +17% yoy to SEK24,533m, boosted by Mining (+23% organically) and Materials (+40%) including large orders for SEK1bn, and +6% for Machining Solutions while revenues reached SEK23,553m, +9% yoy. The operating margin reached 13.9% (13.3% in Q2 16) and 15.8% after adjustments. The cash flow from operations was SEK2,493m, a +22% increase versus last year. The EPS for Q2 17 reached SEK1.75, correspondin