Interim report first quarter 2022

Rhea-AI Summary

Sandvik, in its Q1 2022 report, announced a strong performance with SEK 30,474 million in order intake, a growth of 30% year-over-year at fixed exchange rates. Revenues also rose to SEK 24,921 million, marking a 27% increase. The adjusted EBITA was SEK 5,043 million, reflecting a 20.2% margin, although slightly down from 21.4% in the previous year. Profit for the period was SEK 3,395 million, up from SEK 2,885 million in Q1 2021. The report highlights Sandvik's fifth consecutive quarter of double-digit growth.

Positive

• Order intake grew to SEK 30,474 million, a 30% increase.
• Revenues reached SEK 24,921 million, up 27% year-over-year.
• Adjusted EBITA increased to SEK 5,043 million with a margin of 20.2%.
• Profit for the period rose to SEK 3,395 million, reflecting strong operational performance.

Negative

• Adjusted EBIT margin slightly decreased from 21.4% to 20.2%.
• Adjusted EBIT margin fell from 20.8% to 19.0%.

SANDVIKEN, Sweden, April 20, 2022 /PRNewswire/ --  

First quarter 2022

5TH CONSECUTIVE QUARTER WITH DOUBLE-DIGIT GROWTH IN ORDERS

Continuing operations

• Order intake SEK 30,474 million (22,206)
• Order intake growth, at fixed exchange rates 30%
• Revenues SEK 24,921 million (18,528)
• Revenue growth, at fixed exchange rates 27%
• Adjusted EBITA SEK 5,043 million (3,960)
• Adjusted EBITA margin 20.2% (21.4)
• Adjusted EBIT SEK 4,730 million (3,859)
• Adjusted EBIT margin 19.0% (20.8)
• Adjusted profit before tax SEK 4,431 million (3,592)
• Profit for the period SEK 3,395 million (2,885)
• Adjusted profit for the period SEK 3,402 million (2,812)
• Earnings per share, diluted SEK 2.70 (2.29)
• Adjusted earnings per share, diluted SEK 2.71 (2.24)
• Free operating cash flow SEK 2,292 million (2,830)

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 April 20, 2022 at 1:00 PM CEST. Information is available at home.sandvik/investors

Stockholm, April 20, 2022

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 20, 2022.

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https://news.cision.com/sandvik/r/interim-report-first-quarter-2022,c3549069

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https://mb.cision.com/Main/208/3549069/1566207.pdf

Interim report 2022 Q1

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SOURCE Sandvik

FAQ

What were Sandvik's Q1 2022 order intake results?

Sandvik reported an order intake of SEK 30,474 million, representing a 30% growth at fixed exchange rates.

How did Sandvik's revenues perform in Q1 2022?

Sandvik's revenues for Q1 2022 reached SEK 24,921 million, a 27% increase from the previous year.

What is the adjusted EBITA margin reported by Sandvik for Q1 2022?

The adjusted EBITA margin for Sandvik in Q1 2022 was 20.2%, down from 21.4% in Q1 2021.

What was Sandvik's profit for the period in Q1 2022?

The profit for the period in Q1 2022 was SEK 3,395 million, an increase from SEK 2,885 million in Q1 2021.

What does the Q1 2022 report indicate for Sandvik's growth trend?

The report indicates it was Sandvik's fifth consecutive quarter of double-digit growth in orders.