Interim report third quarter 2024: Sandvik
Sandvik released its interim report for Q3 2024, showing mixed results.
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Rhea-AI Summary
Sandvik released its interim report for Q3 2024, showing mixed results. Order intake was SEK 28,796 million, increasing by 4% at fixed exchange rates. Revenues reached SEK 30,306 million, with a 1% growth at fixed exchange rates. Adjusted EBITA was SEK 5,866 million, with a margin of 19.4%, down from 20.1% in the previous year. Adjusted EBIT stood at SEK 5,382 million, with a margin of 17.8%, compared to 18.5% previously. Profit for the period decreased to SEK 3,239 million from SEK 3,900 million. Earnings per share, diluted, fell to SEK 2.58 from SEK 3.10. On a positive note, free operating cash flow improved to SEK 6,762 million from SEK 5,830 million.
Positive
- Order intake increased by 4% at fixed exchange rates
- Revenue growth of 1% at fixed exchange rates
- Free operating cash flow improved to SEK 6,762 million from SEK 5,830 million
Negative
- Adjusted EBITA margin decreased to 19.4% from 20.1%
- Adjusted EBIT margin declined to 17.8% from 18.5%
- Profit for the period decreased to SEK 3,239 million from SEK 3,900 million
- Earnings per share, diluted, fell to SEK 2.58 from SEK 3.10
Details
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STOCKHOLM, Oct. 21, 2024 /PRNewswire/ --
- Order intake SEK 28,796 million (28,927)
- Order intake, at fixed exchange rates, increased by
4% - Revenues SEK 30,306 million (31,476)
- Revenue growth, at fixed exchange rates increased by
1% - Adjusted EBITA SEK 5,866 million (6,312)
- Adjusted EBITA margin
19.4% (20.1) - Adjusted EBIT SEK 5,382 million (5,815)
- Adjusted EBIT margin
17.8% (18.5) - Adjusted profit before tax SEK 4,857 million (5,056)
- Profit for the period SEK 3,239 million (3,900)
- Adjusted profit for the period SEK 3,688 million (3,949)
- Earnings per share, diluted SEK 2.58 (3.10)
- Adjusted earnings per share, diluted SEK 2.94 (3.14)
- Free operating cash flow SEK 6,762 million (5,830)
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 21, 2024, at 1:00 PM CEST. Information is available at home.sandvik/investors
Stockholm, October 21, 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 11:30 AM CEST on October 21, 2024.
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/sandvik/r/interim-report-third-quarter-2024,c4053901
The following files are available for download:
Interim report Q3 2024 |
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