Report on the third quarter 2006
"The strong global demand for Sandvik's products continued during the third quarter. Growth in Europe increased further. Higher volumes, improved product mix and high internal efficiency contributed to improved earnings. Invoicing increased a total of 13% to SEK 17.6 billion and profit after financial items rose 21% to SEK 2,583 M.
The high demand in our core areas as well as improvements in both product mix and internal efficiency are highly satisfactory. Structural improvements and acquisitions are being carried out continuously that strengthen Sandvik's long-term competitiveness and secure future earnings improvements," says Lars Pettersson, President and CEO of Sandvik.