Report on the first quarter 2007: Continued strong demand
"The strong global demand for Sandvik's products continued during the first quarter of the year. Higher volumes, improved product mix and high internal efficiency contributed to improved earnings," says Lars Pettersson, President and CEO of Sandvik.
"Demand during the quarter remained high and all markets and business areas reported very good development of order intake and invoicing. Invoicing increased in price and volume by 21%. Operating profit increased by 24% to SEK 3.5 billion and the operating margin amounted to 17.3%. The strategic acquisitions that were completed during the quarter further strengthen Sandvik's market offerings and capacity in areas experiencing good growth and high profitability."