Interim report second quarter 2023

Rhea-AI Summary

Sandvik Aktiebolag (publ) has reported its second quarter 2023 results, marking the 9th consecutive quarter with double-digit growth. The company achieved an order intake of SEK 31,660 million, representing a 7% growth at fixed exchange rates. Revenues reached SEK 32,243 million, showing a 16% growth at fixed exchange rates. Sandvik's adjusted EBITA margin improved to 20.5%, while adjusted profit before tax increased to SEK 5,405 million. The company's earnings per share, diluted, also saw a positive growth of 23.8% to SEK 3.25. Sandvik will hold a webcast and conference call on July 19, 2023, at 1:00 PM CEST.

Positive

• Sandvik Aktiebolag (publ) achieved a 7% growth in order intake at fixed exchange rates.
• The company's revenues grew by 16% at fixed exchange rates.
• Sandvik's adjusted EBITA margin improved to 20.5%.
• Adjusted profit before tax increased to SEK 5,405 million.
• The company's diluted earnings per share grew by 23.8% to SEK 3.25.

Negative

• None.

Second quarter 2023

STOCKHOLM, July 19, 2023 /PRNewswire/ -- 9^TH CONSECUTIVE QUARTER WITH DOUBLE DIGIT GROWTH

Continuing operations          

• Order intake SEK 31,660 million (28,740)           
• Order intake growth, at fixed exchange rates 7%           
• Revenues SEK 32,243 million (27,050)           
• Revenue growth, at fixed exchange rates 16%           
• Adjusted EBITA SEK 6,599 million (5,141)           
• Adjusted EBITA margin 20.5% (19.0)           
• Adjusted EBIT SEK 6,109 million (4,794)           
• Adjusted EBIT margin 18.9% (17.7)           
• Adjusted profit before tax SEK 5,405 million (4,812)           
• Profit for the period SEK 3,326 million (2,627)           
• Adjusted profit for the period SEK 4,085 million (3,680)           
• Earnings per share, diluted SEK 2.65 (2.10)           
• Adjusted earnings per share, diluted SEK 3.25 (2.95)           
• Free operating cash flow SEK 4,578 million (-49)

Additional information may be obtained from Sandvik Investor Relations, phone +46 70 782 63 74 (Louise Tjeder) or +46 72 506 60 53 (Maria Brandberg).

A webcast and conference call will be held on July 19, 2023, at 1:00 PM CEST. Information is available at home.sandvik/investors

Stockholm, July 19, 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 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 July 19, 2023.

The following files are available for download:

https://mb.cision.com/Main/208/3807190/2195820.pdf

Interim report Q2 2023

View original content:https://www.prnewswire.com/news-releases/interim-report-second-quarter-2023-301880746.html

SOURCE Sandvik

FAQ

What were Sandvik Aktiebolag's order intake and revenue growth in the second quarter of 2023?

Sandvik Aktiebolag achieved an order intake growth of 7% at fixed exchange rates, reaching SEK 31,660 million. The company's revenues grew by 16% at fixed exchange rates, amounting to SEK 32,243 million.

What was the adjusted EBITA margin for Sandvik Aktiebolag in the second quarter of 2023?

Sandvik Aktiebolag's adjusted EBITA margin improved to 20.5% in the second quarter of 2023.

How much did Sandvik Aktiebolag's profit before tax increase in the second quarter of 2023?

Sandvik Aktiebolag's adjusted profit before tax increased to SEK 5,405 million in the second quarter of 2023.

What was the growth of Sandvik Aktiebolag's diluted earnings per share in the second quarter of 2023?

Sandvik Aktiebolag's diluted earnings per share grew by 23.8% to SEK 3.25 in the second quarter of 2023.

When will Sandvik Aktiebolag hold its webcast and conference call?

Sandvik Aktiebolag will hold its webcast and conference call on July 19, 2023, at 1:00 PM CEST.