Interim report third quarter 2023: Sandvik

Rhea-AI Summary

Sandvik releases interim report for the third quarter of 2023

Positive

• Order intake declined by 4% at fixed exchange rates
• Revenue growth of 4% at fixed exchange rates
• Adjusted EBITA increased to SEK 6,312 million
• Adjusted profit for the period increased to SEK 3,949 million
• Free operating cash flow increased to SEK 5,830 million

Negative

• None.

STOCKHOLM, Oct. 23, 2023 /PRNewswire/ --

Third quarter 2023

Strong resilience in the quarter

Continuing operations 

• Order intake SEK 28,927 million (29,231)
• Order intake, at fixed exchange rates, declined by 4%
• Revenues SEK 31,476 million (29,267)
• Revenue growth, at fixed exchange rates 4%
• Adjusted EBITA SEK 6,312 million (5,889)
• Adjusted EBITA margin 20.1% (20.1.)
• Adjusted EBIT SEK 5,815 million (5,519)
• Adjusted EBIT margin 18.5% (18.9)
• Adjusted profit before tax SEK 5,056 million (5,336)
• Profit for the period SEK 3,900 million (3,396)
• Adjusted profit for the period SEK 3,949 million (3,913)
• Earnings per share, diluted SEK 3.10 (2.71)
• Adjusted earnings per share, diluted SEK 3.14 (3.12)
• Free operating cash flow SEK 5,830 million (3,634)

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 October 23, 2023, at 1:00 PM CEST. Information is available at home.sandvik/investors 

Stockholm, October 23, 2023

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 October 23, 2023.

The following files are available for download:

https://mb.cision.com/Main/208/3858731/2377671.pdf

Interim report Q3 2023

View original content:https://www.prnewswire.com/news-releases/interim-report-third-quarter-2023-sandvik-301964311.html

SOURCE Sandvik

FAQ

What was the order intake for the third quarter of 2023?

The order intake for the third quarter of 2023 was SEK 28,927 million.

What was the revenue growth for the third quarter of 2023?

The revenue growth for the third quarter of 2023 was 4% at fixed exchange rates.

What was the adjusted EBITA for the third quarter of 2023?

The adjusted EBITA for the third quarter of 2023 was SEK 6,312 million.

What was the adjusted profit for the period for the third quarter of 2023?

The adjusted profit for the period for the third quarter of 2023 was SEK 3,949 million.

What was the free operating cash flow for the third quarter of 2023?

The free operating cash flow for the third quarter of 2023 was SEK 5,830 million.