Sandvik Q3 Order Intake Was Flat YoY, But Grew 4% At Constant Exchange Rates, With 2% Organic Growth
Portfolio Pulse from Benzinga Newsdesk
Sandvik's Q3 order intake was flat year-on-year but grew 4% at constant exchange rates, with 2% organic growth. Revenues declined by 4%, but grew 1% at fixed rates. Mining demand remains strong, while infrastructure and cutting tools face challenges.
October 21, 2024 | 9:40 am
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Sandvik's Q3 results show flat order intake year-on-year, with a 4% increase at constant exchange rates. Revenues declined by 4%, but grew 1% at fixed rates. Strong demand in mining, but challenges in infrastructure and cutting tools.
The flat order intake and revenue decline may concern investors, but the growth at constant exchange rates and strong mining demand provide a balanced outlook. Challenges in infrastructure and cutting tools could weigh on short-term performance.
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