Demand for Sandvik’s products remain favorable in several markets

“Demand for Sandvik’s products remained favorable in several markets and in the majority of segments in the third quarter. Order intake increased in price and volume by 5% and invoiced sales rose by 7%, however, adjusted for metal price effects and major project orders, order intake increased by about 15% and invoiced sales by approximately 11%. Operating profit amounted to SEK 3.6 billion and was positively impacted by such factors as currency effects, but was negatively affected by declining metal prices. The operating margin amounted to 16.0%,” said Sandvik’s President and CEO Lars Pettersson….more at