Interim report second quarter 2024: Sandvik

Rhea-AI Summary

Sandvik's Q2 2024 interim report shows mixed results. Order intake increased by 3% at fixed exchange rates to SEK 32,354 million, while revenues declined by 2% to SEK 31,419 million. The company's adjusted EBITA decreased to SEK 6,149 million, with a margin of 19.6%, down from 20.5% in the previous year. Adjusted EBIT also declined to SEK 5,688 million, with a margin of 18.1%. Despite these challenges, profit for the period increased to SEK 3,462 million, with earnings per share rising to SEK 2.76. Free operating cash flow decreased to SEK 4,198 million. The report indicates a slight decline in overall performance, with some positive aspects in order intake and profit growth.

Positive

• Order intake increased by 3% at fixed exchange rates
• Profit for the period increased to SEK 3,462 million from SEK 3,326 million
• Earnings per share rose to SEK 2.76 from SEK 2.65

Negative

• Revenue declined by 2% at fixed exchange rates
• Adjusted EBITA decreased to SEK 6,149 million from SEK 6,599 million
• Adjusted EBITA margin fell to 19.6% from 20.5%
• Adjusted EBIT declined to SEK 5,688 million from SEK 6,109 million
• Free operating cash flow decreased to SEK 4,198 million from SEK 4,578 million

STOCKHOLM, July 19, 2024 /PRNewswire/ -- 

• Order intake SEK 32,354 million (31,660)
• Order intake, at fixed exchange rates, increased by 3%
• Revenues SEK 31,419 million (32,243)
• Revenue growth, at fixed exchange rates declined by 2%
• Adjusted EBITA SEK 6,149 million (6,599)
• Adjusted EBITA margin 19.6% (20.5)
• Adjusted EBIT SEK 5,688 million (6,109)
• Adjusted EBIT margin 18.1% (18.9)
• Adjusted profit before tax SEK 5,124 million (5,405)
• Profit for the period SEK 3,462 million (3,326)
• Adjusted profit for the period 3,897 million (4,085)
• Earnings per share, diluted SEK 2.76 (2.65)
• Adjusted earnings per share, diluted SEK 3.10 (3.25)
• Free operating cash flow SEK 4,198 million (4,578)

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 July 19, 2024, at 2:00 PM CEST. Information is available at home.sandvik/investors

Stockholm, July 19, 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 and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at about 12:30 PM CEST on July 19, 2024.

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https://news.cision.com/sandvik/r/interim-report-second-quarter-2024,c4016954

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https://mb.cision.com/Main/208/4016954/2922187.pdf

Interim report Q2 2024

 

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SOURCE Sandvik

FAQ

What was Sandvik's (SDVKY) order intake for Q2 2024?

Sandvik's order intake for Q2 2024 was SEK 32,354 million, representing a 3% increase at fixed exchange rates compared to the previous year.

How did Sandvik's (SDVKY) revenue perform in Q2 2024?

Sandvik's revenue for Q2 2024 was SEK 31,419 million, showing a 2% decline at fixed exchange rates compared to the same period last year.

What was Sandvik's (SDVKY) adjusted EBITA margin in Q2 2024?

Sandvik's adjusted EBITA margin for Q2 2024 was 19.6%, down from 20.5% in the previous year.

How much was Sandvik's (SDVKY) earnings per share in Q2 2024?

Sandvik's diluted earnings per share for Q2 2024 was SEK 2.76, an increase from SEK 2.65 in the same quarter of the previous year.