Report on the second quarter 2007: Continued strong demand
"The strong trend of global demand for Sandvik's products and services continued through the second quarter. Increased volume, an increasingly favorable product mix and high internal efficiency contributed to the earnings improvement.
Both order intake and invoicing increased in all business areas and all major markets. Invoicing for the Group increased in price and volume by 21%, amounting to more than SEK 22 billion. Operating profit rose by 37% to SEK 4.1 billion, and the operating margin amounted to 18.6%.
Sandvik made a number of strategic acquisitions that have further strengthened our positioning in areas of high growth and strong profitability," says Sandvik President and CEO, Lars Pettersson.