Sandvik – Report on the first quarter 2009

“The exceptionally weak market position that prevailed at the end of 2008 continued during the first quarter of 2009. Order intake declined in price and volume by 39% compared with the corresponding quarter in the preceding year, including cancellations amounting to approximately SEK 900 M, relating mainly to mining equipment. Order intake levelled out on a low level. Invoiced sales fell in price and volume by 25% and totaled slightly more than SEK 19 billion.”…more at sandvik.com