Interim Report Second Quarter 2021

Rhea-AI Summary

Sandvik Aktienbolag reported significant growth in its Second Quarter 2021 results. The order intake surged to 25,857 million SEK, showcasing a remarkable 43% organic growth. Revenues increased to 23,460 million SEK, reflecting a 22% organic growth. Operating profit soared to 4,754 million SEK with a margin of 20.3%. The profit for the period reached 3,514 million SEK, equating to earnings per share of 2.80 SEK. Furthermore, free operating cash flow improved to 3,088 million SEK.

Positive

• Order intake reached 25,857 million SEK, up 43% organic growth.
• Revenues increased to 23,460 million SEK, showing 22% organic growth.
• Operating profit rose significantly to 4,754 million SEK with an operating margin of 20.3%.
• Profit for the period was 3,514 million SEK, a substantial increase.
• Earnings per share increased to 2.80 SEK, up from 0.88 SEK.
• Free operating cash flow improved to 3,088 million SEK.

Negative

• None.

SANDVIKEN, Sweden, July 16, 2021 /PRNewswire/ -- Second quarter 2021

Continuing operations

• Order intake 25,857 million SEK (18,971)
• Organic growth, 43% (-23.0)
• Revenues 23,460 million SEK (20,230)
• Organic growth, 22% (-20.0)
• Operating profit 4,754 million SEK (1,508)
• Operating margin 20.3% (7.5)
• Adjusted operating profit 4,469 million SEK (2,837)
• Adjusted operating margin 19.1% (14.0)
• Adjusted profit after net financial items 4,372 million SEK (2,858)
• Profit for the period 3,514 million SEK (1,098)
• Adjusted profit for the period 3,374 million SEK (2,165)
• Earnings per share, diluted 2.80 SEK (0.88)
• Adjusted earnings per share, diluted 2.69 SEK (1.73)
• Free operating cash flow 3,088 million SEK (2,531)

Additional information may be obtained from Sandvik Investor Relations, phone +46 70 782 63 74 (Louise Tjeder) or phone +46 79 060 87 17 (Emelie Alm).

A webcast and conference call will be held on July 16 2021 at 1:00 PM CEST. Information is available at home.sandvik/investors

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 16 2021.

This information was brought to you by Cision http://news.cision.com
https://news.cision.com/sandvik/r/interim-report-second-quarter-2021,c3386217

The following files are available for download:

https://mb.cision.com/Main/208/3386217/1445856.pdf

Interim report second quarter 2021

View original content:https://www.prnewswire.com/news-releases/interim-report-second-quarter-2021-301335501.html

SOURCE Sandvik

FAQ

What were Sandvik's order intake figures for Q2 2021?

Sandvik's order intake for Q2 2021 was 25,857 million SEK, reflecting a 43% organic growth.

How much did Sandvik's revenues increase in Q2 2021?

Sandvik's revenues increased to 23,460 million SEK in Q2 2021, showing a 22% organic growth.

What is the operating profit reported by Sandvik for Q2 2021?

Sandvik reported an operating profit of 4,754 million SEK for Q2 2021.

What was Sandvik's earnings per share in Q2 2021?

Earnings per share for Sandvik in Q2 2021 were 2.80 SEK, up from 0.88 SEK in Q2 2020.

How did Sandvik's free operating cash flow perform in Q2 2021?

Sandvik's free operating cash flow improved to 3,088 million SEK in Q2 2021.