Report on the third quarter, 2005
"Demand during the quarter remained strong in all market areas except the EU. Profit after financial items increased by 26% and the margin amounted to 14.5%. Organic growth was 16% and benefited primarily from the strong demand in the oil/gas, process and mining industries. Activity in the general engineering industry was high and increased strongly within the aerospace industry. The Group was awarded a number of major orders during the quarter within prioritized areas, confirming that our comprehensive and long-term investments to generate customer value through global presence and product development yield results," says Lars Pettersson, President and CEO of Sandvik.