Sandvik : Persistent margin decline continues to be a cause for concern
>Q3 2024: fall in short-cycle businesses and the margin (-70bp) - Sandvik reported its Q3 2024 results during trading on Monday (details on the following page).The order intake was up by 2% y-o-y on an organic basis (5.9% forecast by the consensus) with increases in the mining sector (SMR: +8% vs css +11.1%). Conversely, orders deteriorated in the industrial segment (SMM: -4% vs css +1.4%) and remained weak in infrastructure (SRP: +1% vs css -3.7%). Sales ...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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