Sandvik: Interim Report First Quarter 2021

Rhea-AI Summary

Sandvik reported a strong performance for Q1 2021, with order intake reaching 25,847 million SEK, a rise from 25,356 million SEK in the previous year. The company experienced organic growth of 12.2%, while revenues stood at 21,691 million SEK, down from 23,620 million SEK. Operating profit increased to 4,256 million SEK with a margin of 19.6%. Earnings per share rose to 2.53 SEK from 1.46 SEK.

Positive

• Order intake increased to 25,847 million SEK from 25,356 million SEK.
• Operating profit rose to 4,256 million SEK compared to 2,762 million SEK.
• Operating margin improved to 19.6% from 11.6%.
• Earnings per share grew to 2.53 SEK from 1.46 SEK.

Negative

• Revenues declined to 21,691 million SEK from 23,620 million SEK.
• Organic growth in revenues was only 1.0%, down from -7.5%.

SANDVIKEN, Sweden, April 20, 2021 /PRNewswire/ --

First quarter 2021

Continuing operations

• Order intake 25,847 million SEK (25,356)
• Organic growth, 12.2% (11.0)
• Revenues 21,691 million SEK (23,620)
• Organic growth, 1.0% (-7.5)
• Operating profit 4,256 million SEK (2,762)
• Operating margin 19.6% (11.6)
• Adjusted operating profit 4,170 million SEK (3,728)
• Adjusted operating margin 19.2%(15.8)
• Adjusted profit after net financial items 3,900 million SEK (3,311)
• Profit for the period 3,185 million SEK (1,835)
• Adjusted profit for the period 3,093 million SEK (2,674)
• Earnings per share, diluted 2.53 SEK (1.46)
• Adjusted earnings per share, diluted 2.46 SEK (2.13)
• Free operating cash flow 2,946 million SEK (3,176)

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 teleconference will be held on 20 April 2021 at 13:00 CEST. Information is available at home.sandvik/investors

Stockholm, 20 April 2021
Sandvik Aktiebolag (publ)
Stefan Widing
President and CEO
+46 70 782 63 74

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 CEST on 20 April 2021.

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Interim report 2021 Q1

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SOURCE Sandvik

FAQ

What were Sandvik's Q1 2021 earnings per share?

Sandvik's Q1 2021 earnings per share were 2.53 SEK, up from 1.46 SEK in Q1 2020.

How much did Sandvik's revenue decline in Q1 2021?

Sandvik's revenue declined to 21,691 million SEK in Q1 2021, down from 23,620 million SEK in Q1 2020.

What was the operating profit for Sandvik in Q1 2021?

Sandvik reported an operating profit of 4,256 million SEK in Q1 2021, an increase from 2,762 million SEK in the previous year.

What was Sandvik's order intake for Q1 2021?

Sandvik's order intake for Q1 2021 was 25,847 million SEK.

What was the organic growth rate reported by Sandvik in Q1 2021?

Sandvik reported an organic growth rate of 12.2% in Q1 2021.