Sandvik AB held its Annual General Meeting on 25 April 2013 in Sandviken.
In his address, Olof Faxander, President and CEO, commented on the 2012 financial year and the trend for the first quarter of 2013. The presentation comprised a report on Sandvik’s results per Business Area as well as geographically. Olof Faxander also reported on a number of important events during the year, such as improved co-ordination and use of group resources and strategic focus on growth markets. He also emphasized how research and development is a precondition for success and that Sandvik has been named one of the world’s 100 most innovative companies by Thomson Reuters.
Adoption of the Profit and Loss Accounts and Balance Sheets
The General Meeting adopted the Profit and Loss Account and Balance Sheet for the parent company as well as the Consolidated Profit and Loss Account and Consolidated Balance Sheet for 2012. The Board members and the President were discharged from liability for the financial...