Sandvik: Interim Report Second Quarter 2018

News provided by

Sandvik

Jul 17, 2018, 06:22 ET

SANDVIKEN, Sweden, July 17, 2018 /PRNewswire/ --

Second quarter 2018

Continuing operations

Order intake 27,201 million SEK
Revenues 26,136 million SEK
Operating profit 5,043 million SEK
Operating margin 19.3%
Adjusted operating profit 5,067 million SEK
Adjusted operating margin 19.4%
Profit after financial items 4,777 million SEK
Earnings per share 2.81 SEK
Cash flow from operations 2,179 million SEK

Discontinued operations

Order intake 0 million SEK
Revenues 298 million SEK
Operating profit -111 million SEK

Group Total

Order intake 27,201 million SEK
Revenues 26,434 million SEK
Operating profit 4,932 million SEK
Operating margin 18.7%
Adjusted operating profit 4 956 million SEK
Adjusted operating margin 18.7%
Earnings per share 2.72 SEK
Cash flow from operations 2,039 million SEK

Review of the business portfolio - Sandvik Drilling and Completions

Sandvik is evaluating the strategic options for Sandvik Drilling and Completions (Varel). The business being reviewed relates to the oil and gas industry, representing about 70% of the total revenues of approximately 2 billion SEK generated in 2017 by Sandvik Drilling and Completions. The remaining approximately 30% which manufactures and services application specific roller cone bits primarily to the mining industry, is not included in the review and continues to be core operations of Sandvik Mining and Rock Technology.

Additional information may be obtained from Sandvik Investor Relations, phone +46-8-456-14-94 (Ann-Sofie Nordh), +46-8-456-11-94 (Anna Vilogorac) or e-mailing [email protected]

A presentation and teleconference will be held on 17 July 2018 at 13:30 CET. Information is available at home.sandvik/investors

Contact:
Sandvik Aktiebolag (publ)
Björn Rosengren
President and CEO

This information is information that Sandvik AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out below, at about 12:00 CET on 17 July 2018.

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The following files are available for download:

http://mb.cision.com/Main/208/2576928/879696.pdf

Interim Report Second Quarter 2018

SOURCE Sandvik