Sandvik reported another strong quarter, including double-digit growth in both order intake and revenue, with growth reported in every area but led by Asia, and in every segment but with a stronger contribution coming from Mining & Rock Technology. Profitability was at record level, with adjusted EBIT at 19.4% of sales corresponding to c.28% growth ex. FX structure and Metals. The weak spot was the FCF generation which was 15% lower yoy due to the anticipated strong demand.
17 Jul 2018
Strong business devlopments led to a rather poor FCF generation
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Strong business devlopments led to a rather poor FCF generation
Sandvik AB (SVKB:FRA) | 0 0 0.9% | Mkt Cap: 185,022m
- Published:
17 Jul 2018 -
Author:
Lionel Pellicer -
Pages:
3
Sandvik reported another strong quarter, including double-digit growth in both order intake and revenue, with growth reported in every area but led by Asia, and in every segment but with a stronger contribution coming from Mining & Rock Technology. Profitability was at record level, with adjusted EBIT at 19.4% of sales corresponding to c.28% growth ex. FX structure and Metals. The weak spot was the FCF generation which was 15% lower yoy due to the anticipated strong demand.