Interim report first quarter 2024: Sandvik

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Sandvik's first-quarter 2024 financial results showed a decline in order intake, revenues, and profits compared to the previous year. The company reported a decrease in adjusted EBITA margin and earnings per share. The webcast and conference call will provide further insights on the financial performance.

Positive

• Order intake decreased by 5% to SEK 31,981 million
• Revenue declined by 5% to SEK 29,002 million
• Adjusted EBITA margin dropped to 18.2%
• Profit for the period decreased to SEK 1,247 million
• Earnings per share, diluted, decreased to SEK 0.99
• The company will hold a webcast and conference call on April 22, 2024

Negative

• Adjusted profit for the period also declined
• Adjusted EBIT margin decreased to 16.6%

STOCKHOLM, April 22, 2024 /PRNewswire/ -- First quarter 2024

• Order intake SEK 31,981 million (34,363)
• Order intake, at fixed exchange rates, declined by 5%
• Revenues SEK 29,002 million (30,968)
• Revenue growth, at fixed exchange rates declined by 5%
• Adjusted EBITA SEK 5,281 million (6,119)
• Adjusted EBITA margin 18.2% (19.8)
• Adjusted EBIT SEK 4,824 million (5,638)
• Adjusted EBIT margin 16.6% (18.2)
• Adjusted profit before tax SEK 4,317 million (5,109)
• Profit for the period SEK 1,247 million (3,816)
• Adjusted profit for the period 3,281 million (3,855)
• Earnings per share, diluted SEK 0.99 (3.04)
• Adjusted earnings per share, diluted SEK 2.61 (3.07)
• Free operating cash flow SEK 3,770 million (3,710)

Additional information may be obtained from Sandvik Investor Relations, phone +46 70 782 63 74 (Louise Tjeder).

A webcast and conference call will be held on April 22, 2024, at 1:00 PM CEST. Information is available at home.sandvik/investors

Stockholm, April 22, 2024
Sandvik Aktiebolag (publ)
Stefan Widing
President and CEO

This information is information that Sandvik AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at about 11:30 AM CEST on April 22, 2024.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/sandvik/r/interim-report-first-quarter-2024,c3965056

The following files are available for download:

https://mb.cision.com/Main/208/3965056/2748311.pdf

Interim report Q1 2024

 

View original content:https://www.prnewswire.com/news-releases/interim-report-first-quarter-2024-sandvik-302123179.html

SOURCE Sandvik

FAQ

What was Sandvik's order intake in the first quarter of 2024?

Sandvik's order intake was SEK 31,981 million in the first quarter of 2024.

How did Sandvik's revenue perform in the first quarter of 2024?

Sandvik's revenues declined by 5% to SEK 29,002 million in the first quarter of 2024.

What was Sandvik's adjusted EBITA margin in the first quarter of 2024?

Sandvik's adjusted EBITA margin was 18.2% in the first quarter of 2024.

What was Sandvik's profit for the period in the first quarter of 2024?

Sandvik's profit for the period was SEK 1,247 million in the first quarter of 2024.

When will Sandvik hold a webcast and conference call?

Sandvik will hold a webcast and conference call on April 22, 2024.

What was Sandvik's earnings per share, diluted, in the first quarter of 2024?

Sandvik's earnings per share, diluted, was SEK 0.99 in the first quarter of 2024.