Report on the third quarter 2007: Continued strong growth
"The underlying driving forces remained strong and demand for Sandvik's products was high during the third quarter. High volumes and capacity utilization offset the usual seasonal weakening," says Sandvik President and CEO Lars Pettersson.
"Invoicing increased in price and volume by 16%, amounting to more than SEK 21 billion. Operating profit rose by 25% to SEK 3.6 billion, and the operating margin amounted to 16.8%. It is satisfying that the integration of the most recent acquisitions is proceeding as planned, which further strengthens our positioning in areas with high growth and strong profitability."