Interim report first quarter 2023: Sandvik
Sandvik AB reported strong first-quarter results for 2023, demonstrating robust performance with an 18% increase in revenue, amounting to SEK 30,968 million compared to SEK 24,921 million in the same quarter last year.
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Rhea-AI Summary
Sandvik AB reported strong first-quarter results for 2023, demonstrating robust performance with an 18% increase in revenue, amounting to SEK 30,968 million compared to SEK 24,921 million in the same quarter last year. The company's order intake reached SEK 34,363 million, reflecting a 6% growth at fixed exchange rates. Adjusted EBITA stood at SEK 6,119 million, with a margin of 19.8%. Notably, the profit for the period was SEK 3,816 million, and adjusted earnings per share increased to SEK 3.04. The free operating cash flow also saw substantial growth, reaching SEK 3,710 million. These results were officially published on April 21, 2023.
Positive
- 18% revenue growth, reaching SEK 30,968 million.
- Order intake of SEK 34,363 million, up 6% at fixed exchange rates.
- Adjusted EBITA of SEK 6,119 million, margin at 19.8%.
- Profit for the period increased to SEK 3,816 million.
- Free operating cash flow surged to SEK 3,710 million.
- Earnings per share rose to SEK 3.04.
Negative
- Adjusted EBITA margin decreased from 20.2% to 19.8%.
- Adjusted EBIT margin down from 19.0% to 18.2%.
Details
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First quarter 2023
CONTINUED ROBUST PERFORMANCE WITH
Continuing operations
- Order intake
SEK 34,363 million (30,474) - Order intake growth, at fixed exchange rates
6% - Revenues
SEK 30,968 million (24,921) - Revenue growth, at fixed exchange rates
18% - Adjusted EBITA
SEK 6,119 million (5,043) - Adjusted EBITA margin
19.8% (20.2) - Adjusted EBIT
SEK 5,638 million (4,730) - Adjusted EBIT margin
18.2% (19.0) - Adjusted profit before tax
SEK 5,109 million (4,431) - Profit for the period
SEK 3,816 million (3,395) - Adjusted profit for the period
SEK 3,855 million (3,402) - Earnings per share, diluted
SEK 3.04 (2.70) - Adjusted earnings per share, diluted
SEK 3.07 (2.71) - Free operating cash flow
SEK 3,710 million (2,292)
Additional information may be obtained from Sandvik Investor Relations, phone +46 70 782 63 74 (
A webcast and conference call will be held on
President and CEO
This information is information that
The following files are available for download:
Interim report Q1 2023 |
View original content:https://www.prnewswire.com/news-releases/interim-report-first-quarter-2023-sandvik-301803938.html
SOURCE Sandvik
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