Sandvik : A complicated start to the year, but it appears to have been anticipated by management
>Q1 2024: orders and revenues down 5% on an organic basis, sharp contraction in the margin - Sandvik published its Q1 2024 results yesterday (see details overleaf).The order intake was down organically by 5% y-o-y (-6.5% expected by the consensus), with stable demand at high levels in the mining sector and contracting demand in the infrastructure and industrial sectors (though with some positive signals, see hereafter). Revenues were down 5% on an organic ba...Sandvik is organized into five business areas: Sandvik Mining, Sandvik Machining Solutions, Sandvik Materials Technology, Sandvik Construction and Sandvik Venture. Sandvik Mining specializes in equipment, tools and service for the mining industry. Sandvik Machining Solutions focuses on tools and tooling systems for metal cutting. Sandvik Materials Technology specializes in products made from stainless steel grades and special alloys. Sandvik Construction specializes in equipment, tools and service for the breaking, drilling and crushing niches. Sandvik Venture generates value by promoting growth of small and medium-sized businesses of particular interest to the Sandvik Group.
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