Sandvik announces non-recurring charges for the third quarter
Sandvik will record non-recurring charges related to the distribution of Alleima (former business area Sandvik Materials Technology) and the wind-down process in Russia. These charges will be reported as items affecting comparability in the third quarter. The distribution of Alleima will impact the result of discontinued operations whilst the charges related to the wind-down process in Russia will impact the continuing operations’ reported operating results (EBITA). On August 31, Sandvik distributed the shares in the wholly owned subsidiary Alleima to the shareholders of Sandvik. As a