Sandvik provides an update on effects from the coronavirus, announces cost measures and a new proposal for the dividend
The business development during January and February 2020 has in most markets been in line with Sandvik’s expectations, with the exception of China where the coronavirus situation led to one week of prolonged closing of our operations around the Chinese New Year. Our Chinese operations are now up and running and approaching normal capacity. During March the uncertainty around the coronavirus situation has gradually increased in many other parts of the world. Most production units in the Sandvik Group have been able to continue operating, however due to government restrictions the