Sandvik: Interim report third quarter 2022

Rhea-AI Summary

Sandvik Aktiebolag reported a robust third quarter for 2022 with significant growth metrics. Order intake reached SEK 29,231 million, reflecting a 16% increase at fixed exchange rates. Revenues increased by 22% to SEK 29,267 million. Adjusted EBITA rose to SEK 5,889 million, marking an adjusted EBITA margin of 20.1%. Despite revenue growth, profit for the period slightly declined to SEK 3,396 million. The adjusted profit for the period was SEK 3,913 million with diluted earnings per share at SEK 2.71.

Positive

• Order intake increased to SEK 29,231 million, up 16% year-over-year.
• Revenue rose to SEK 29,267 million, reflecting a 22% growth.
• Adjusted EBITA reached SEK 5,889 million with a 20.1% margin.
• Adjusted profit before tax was SEK 5,336 million, signaling healthy profit generation.
• Adjusted earnings per share increased to SEK 3.12.

Negative

• Profit for the period decreased to SEK 3,396 million, down from SEK 3,607 million.
• Adjusted EBIT margin decreased to 18.9% compared to 19.6% in the previous year.
• Free operating cash flow declined slightly to SEK 3,634 million from SEK 3,758 million.

STOCKHOLM, Oct. 17, 2022 /PRNewswire/ -- 

Third quarter 2022

SOLID BUSINESS PERFORMANCE AND STRATEGY EXECUTION

Continuing operations

• Order intake SEK 29,231 million (22,870)
• Order intake growth, at fixed exchange rates 16%
• Revenues SEK 29,267 million (21,725)
• Revenue growth, at fixed exchange rates 22%
• Adjusted EBITA SEK 5,889 million (4,620)
• Adjusted EBITA margin 20.1% (21.3)
• Adjusted EBIT SEK 5,519 million (4,253)
• Adjusted EBIT margin 18.9% (19.6)
• Adjusted profit before tax SEK 5,336 million (4,214)
• Profit for the period SEK 3,396 million (3,607)
• Adjusted profit for the period SEK 3,913 million (3,637)
• Earnings per share, diluted SEK 2.71 (2.87)
• Adjusted earnings per share, diluted SEK 3.12 (2.89)
• Free operating cash flow SEK 3,634 million (3,758)

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 17, 2022 at 13:00 CEST. Information is available at home.sandvik/investors

Stockholm, October 17, 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 CEST on October 17, 2022.

The following files are available for download:

https://mb.cision.com/Main/208/3649222/1639473.pdf

Interim report Q3 2022

View original content:https://www.prnewswire.com/news-releases/sandvik-interim-report-third-quarter-2022-301650587.html

SOURCE Sandvik

FAQ

What is Sandvik's order intake for Q3 2022?

Sandvik's order intake for Q3 2022 was SEK 29,231 million, representing a 16% increase.

How much did Sandvik's revenue grow in Q3 2022?

Sandvik's revenue grew by 22% in Q3 2022, reaching SEK 29,267 million.

What was the adjusted EBITA for Sandvik in the third quarter of 2022?

The adjusted EBITA for Sandvik in Q3 2022 was SEK 5,889 million with a margin of 20.1%.

What was the profit for the period reported by Sandvik for Q3 2022?

The profit for the period reported by Sandvik for Q3 2022 was SEK 3,396 million.

What was the earnings per share for Sandvik in Q3 2022?

The diluted earnings per share for Sandvik in Q3 2022 were SEK 2.71.