Sandvik: Interim Report Third Quarter 2021

Rhea-AI Summary

Sandvik AB reported strong performance in its third quarter 2021 with order intake soaring to SEK 26,292 million, reflecting a remarkable organic growth of 21%. Revenues also increased to SEK 24,826 million, with organic growth of 13%. Adjusted EBITA reached SEK 4,731 million, representing a margin of 19.1%. Profit after net financial items stood at SEK 4,437 million, driving earnings per share to SEK 3.12. Free operating cash flow was SEK 3,940 million, a slight decrease from the previous year.

Positive

• Order intake increased to SEK 26,292 million, up 32% year-over-year.
• Revenues rose to SEK 24,826 million, marking a 23% increase at fixed exchange rates.
• Adjusted EBITA improved to SEK 4,731 million, with a margin of 19.1%.
• Profit for the period jumped to SEK 3,923 million, reflecting a solid increase.
• Earnings per share reached SEK 3.12, up significantly from last year.

Negative

• Free operating cash flow decreased to SEK 3,940 million from SEK 4,778 million.

SANDVIKEN, Sweden, Oct. 18, 2021 /PRNewswire/ -- Third quarter 2021

Continuing operations 

• Order intake SEK 26,292 million (19,909)    
• Organic growth 21% (-11)
• Total order intake growth, at fixed exchange rates 31% (-12)           
• Revenues SEK 24,826 million (20,145)
• Organic growth 13% (-11)
• Total revenue growth, at fixed exchange rates 23% (-13.0)
• Adjusted EBITA SEK 4,731 million (3,564)
• Adjusted EBITA margin 19.1% (17.7)
• Reported EBIT SEK 4,480 million (3,459)
• Reported EBIT margin 18.0% (17.2)
• Adjusted EBIT SEK 4,371 million (3,494)
• Adjusted EBIT margin 17.6% (17.3)
• Adjusted profit after net financial items SEK 4,437 million (3,436)
• Profit for the period SEK 3,923 million (3,186)
• Adjusted profit for the period SEK 3,817 million (2,626)
• Earnings per share, diluted SEK 3.12 SEK (2.54)
• Adjusted earnings per share, diluted SEK 3.03 (2.09)
• Free operating cash flow SEK 3,940 million (4,778)

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 October 18, 2021 at 1:00 PM CEST. Information is available at home.sandvik/investors

Stockholm, October 18, 2021
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 October 18, 2021.

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https://news.cision.com/sandvik/r/interim-report-third-quarter-2021,c3434709

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Interim Report Third Quarter 2021

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SOURCE Sandvik

FAQ

What were Sandvik's order intake figures for Q3 2021?

Sandvik's order intake for Q3 2021 was SEK 26,292 million.

How much did Sandvik's revenues increase in Q3 2021?

Sandvik's revenues increased to SEK 24,826 million, representing a 23% growth at fixed exchange rates.

What was the adjusted EBITA margin for Sandvik in Q3 2021?

The adjusted EBITA margin for Sandvik in Q3 2021 was 19.1%.

What was Sandvik's earnings per share for Q3 2021?

Sandvik's earnings per share for Q3 2021 were SEK 3.12.

How did free operating cash flow change for Sandvik in Q3 2021?

Free operating cash flow for Sandvik decreased to SEK 3,940 million in Q3 2021.