Sandvik reported Q3 17 figures which were overall in line with expectations. Order intake was SEK21,888m, +13% yoy, driven by all segments but Mining was the bright spot (+18% yoy). Revenues came in at SEK21,648m, +12% yoy, including a +17% organic increase for Mining. Profitability improved significantly, with a 15.4% operating margin (a 210bp surge versus Q3 16). EPS grew by 46% to SEK1.88 (versus SEK1.29 in Q3 16) but the cash flow from operations was down 16%, due to a slightly negative W
26 Oct 2017
Strong traction coming from Mining but SMT still struggling
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Strong traction coming from Mining but SMT still struggling
Sandvik AB (SVKB:FRA) | 0 0 0.9% | Mkt Cap: 185,022m
- Published:
26 Oct 2017 -
Author:
Lionel Pellicer -
Pages:
3
Sandvik reported Q3 17 figures which were overall in line with expectations. Order intake was SEK21,888m, +13% yoy, driven by all segments but Mining was the bright spot (+18% yoy). Revenues came in at SEK21,648m, +12% yoy, including a +17% organic increase for Mining. Profitability improved significantly, with a 15.4% operating margin (a 210bp surge versus Q3 16). EPS grew by 46% to SEK1.88 (versus SEK1.29 in Q3 16) but the cash flow from operations was down 16%, due to a slightly negative W