Sandvik : Margin still below expectations but reassuring comments on demand
>Q2: growth in orders (3%) but fall in revenues (-2%) and the margin (-90bp) - Sandvik released during trading on Friday its Q2 2024 results (see details on the following page).The order intake was up by 3% y-o-y on an organic basis (-0.5% forecast by the consensus) with increases in the mining sector (SMR: +4%) and industrial sector (SMM: +4%) and a fall in infrastructure (SRP: -8%). Revenues were down by 2% on an organic basis (consensus -2.1%), with volu...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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