Jump to content

You are now visiting the Sandvik Group website in English. Would you like to switch to another language site with selected content translated?

Report on the first quarter 2012

CEO's comment:

Record-high order intake for the quarter

Cover of Sandvik's interim report Q1-2012"The global market situation remained favorable and demand was high for the greater part of Sandvik's products and services in the first quarter. Order intake displayed very robust development and reached the highest-ever level for the Group at 28.9 billion SEK, corresponding to an increase of 13% at fixed exchange rates. Invoiced sales rose 10% to 24.8 billion SEK. Although the market scenario was largely stable in Europe and strong in North and South America, it was a mixed picture in Asia, where development in China in particular fluctuated significantly among the various segments", says Sandvik's President and CEO Olof Faxander.

"The mining industry remained strong and major orders were booked in South America, Australia, Asia and Europe. Demand remained high for products primarily from Sandvik Mining and Sandvik Machining Solutions. For Sandvik Materials Technology, the demand picture was mixed and while high demand was noted in the energy segment, several other segments continued to weaken. Operating profit also developed positively and amounted to 3.8 billion SEK."

"The new organization is now implemented and we have started to see effects of the first steps of our new strategic direction. We have been able to leverage on a continued positive market climate and achieve both a record-high order intake and high invoicing level. Still, we have improvement potential in Net Working Capital as well as cash flow. We must not forget that this is the beginning of a journey of improvement, which will take time and include both successes and setbacks, but we are on the right track."

Sandviken, 27 April 2012

Sandvik Aktiebolag (publ)
Olof Faxander
President and CEO

We would like your consent

Sandvik and our vendors use cookies (and similar technologies) to collect and process personal data (such as device identifiers, IP addresses, and website interactions) for essential site functions, analyzing site performance, personalizing content, and delivering targeted ads. Some cookies are necessary and can’t be turned off, while others are used only if you consent. The consent-based cookies help us support Sandvik and individualize your website experience. You may accept or reject all such cookies by clicking the appropriate button below. You can also consent to cookies based on their purposes via the manage cookies link below. Visit our cookie privacy policy for more details on how we use cookies.