Interim Report Second Quarter 2018
Second quarter 2018
Continuing operations
- Order intake 27,201 million SEK
- Revenues 26,136 million SEK
- Operating profit 5,043 million SEK
- Operating margin 19.3%
- Adjusted operating profit 5,067 million SEK
- Adjusted operating margin 19.4%
- Profit after financial items 4,777 million SEK
- Earnings per share 2.81 SEK
- Cash flow from operations 2,179 million SEK
Discontinued operations
- Order intake 0 million SEK
- Revenues 298 million SEK
- Operating profit -111 million SEK
Group Total
- Order intake 27,201 million SEK
- Revenues 26,434 million SEK
- Operating profit 4,932 million SEK
- Operating margin 18.7%
- Adjusted operating profit 4 956 million SEK
- Adjusted operating margin 18.7%
- Earnings per share 2.72 SEK
- Cash flow from operations 2,039 million SEK
Review of the business portfolio - Sandvik Drilling and Completions
Sandvik is evaluating the strategic options for Sandvik Drilling and Completions (Varel). The business being reviewed relates to the oil and gas industry, representing about 70% of the total revenues of approximately 2 billion SEK generated in 2017 by Sandvik Drilling and Completions. The remaining approximately 30% which manufactures and services application specific roller cone bits primarily to the mining industry, is not included in the review and continues to be core operations of Sandvik Mining and Rock Technology.
Additional information may be obtained from Sandvik Investor Relations, phone +46 8 456 14 94 (Ann-Sofie Nordh), +46 8 456 11 94 (Anna Vilogorac) or e-mailing info.ir@sandvik.com
A presentation and teleconference will be held on 17 July 2018 at 13:30 CET. Information is available at home.sandvik/investors
Stockholm, 17 July 2018
Sandvik Aktiebolag (publ)
Björn Rosengren
President and CEO
This information is information that Sandvik AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out below, at about 12:00 CET on 17 July 2018.