Interim Report Second Quarter 2018

Second quarter 2018

Continuing operations  

  • Order intake 27,201 million SEK
  • Revenues 26,136 million SEK
  • Operating profit 5,043 million SEK
  • Operating margin 19.3%
  • Adjusted operating profit 5,067 million SEK
  • Adjusted operating margin 19.4%
  • Profit after financial items 4,777 million SEK
  • Earnings per share 2.81 SEK
  • Cash flow from operations 2,179 million SEK

Discontinued operations

  • Order intake 0 million SEK
  • Revenues 298 million SEK
  • Operating profit -111 million SEK

Group Total

  • Order intake 27,201 million SEK
  • Revenues 26,434 million SEK
  • Operating profit 4,932 million SEK
  • Operating margin 18.7%
  • Adjusted operating profit 4 956 million SEK
  • Adjusted operating margin 18.7%
  • Earnings per share 2.72 SEK
  • Cash flow from operations 2,039 million SEK

Review of the business portfolio - Sandvik Drilling and Completions

Sandvik is evaluating the strategic options for Sandvik Drilling and Completions (Varel). The business being reviewed relates to the oil and gas industry, representing about 70% of the total revenues of approximately 2 billion SEK generated in 2017 by Sandvik Drilling and Completions. The remaining approximately 30% which manufactures and services application specific roller cone bits primarily to the mining industry, is not included in the review and continues to be core operations of Sandvik Mining and Rock Technology.

Additional information may be obtained from Sandvik Investor Relations, phone +46 8 456 14 94 (Ann-Sofie Nordh), +46 8 456 11 94 (Anna Vilogorac) or e-mailing info.ir@sandvik.com

A presentation and teleconference will be held on 17 July 2018 at 13:30 CET. Information is available at home.sandvik/investors 

Stockholm, 17 July 2018

Sandvik Aktiebolag (publ)

Björn Rosengren

President and CEO

This information is information that Sandvik AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out below, at about 12:00 CET on 17 July 2018. 

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Sandvik Group
Sandvik is a high-tech and global engineering group offering products and services that enhance customer productivity, profitability and safety. We hold world-leading positions in selected areas – tools and tooling systems for metal cutting; equipment and tools, service and technical solutions for the mining and construction industries; products in advanced stainless steels and special alloys as well as products for industrial heating. In 2017, the Group had approximately 43,000 employees and sales of 91 billion SEK in more than 150 countries within continuing operations.

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About Us

Sandvik Group Sandvik is a high-tech and global engineering group offering products and services that enhance customer productivity, profitability and safety. We hold world-leading positions in selected areas – tools and tooling systems for metal cutting; equipment and tools, service and technical solutions for the mining and construction industries; products in advanced stainless steels and special alloys as well as products for industrial heating. In 2017, the Group had approximately 43,000 employees and sales of 91 billion SEK in more than 150 countries within continuing operations.