Sandvik Beats Estimates as Mining Demand Drives 15% Growth for Stefan Widing

#Stockholm, #Sweden
Sandvik surpassed financial expectations with an adjusted operating profit of 5.9 billion kr and 15% organic order growth during the fourth quarter.CEO Stefan Widing highlighted strong demand in the mining and machining sectors while noting that a broader industrial recovery is not yet fully visible.A stronger Swedish krona negatively impacted the operating margin by 1.3 percentage points although the group continues to outperform its competitor Epiroc.
Published:Tuesday
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#Austria#China#USA#StefanWiding#Sandvik#MartinBlomgren#Epiroc#FredrikLundberg
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