#Sweden #Stockholm #Sandvik #Q4 2024 #Interim Report

Sandvik's Impressive Q4 2024 Interim Report

On January 23, 2025, Sandvik Aktiebolag released its interim report for the fourth quarter of 2024, reflecting a solid performance driven by strong demand across its operations. The key figures highlight significant growth in order intake and revenues, reinforcing the company's position in the market.

Key Financial Highlights

• - Order Intake: Sandvik achieved a remarkable order intake of SEK 31,562 million, up from SEK 30,062 million in the same period last year. When adjusted for fixed exchange rates, this represents a 5% increase.
• - Revenues: The company reported revenues of SEK 32,151 million, slightly up from SEK 31,816 million the previous year, indicating a growth rate of 1% when adjusted for foreign exchange variations.
• - EBITA: Adjusted EBITA rose to SEK 6,288 million, achieving a margin of 19.6% compared to 19.5% in the prior year.
• - EBIT: Adjusted EBIT recorded at SEK 5,741 million, with a margin slightly decreasing to 17.9% from 18.0%.
• - Profit Before Tax: Sandvik reported an adjusted profit before tax of SEK 5,377 million, an increase from SEK 5,107 million.
• - Net Profit: The profit for the period stood at SEK 4,297 million, up from SEK 4,259 million the previous year, while adjusted profit for the period reached SEK 4,084 million.
• - Earnings per Share: Diluted earnings per share increased to SEK 3.42, up from SEK 3.39, with adjusted earnings per share at SEK 3.25, compared to SEK 3.22.
• - Free Operating Cash Flow: The free operating cash flow improved significantly to SEK 6,463 million, showing stronger liquidity management compared to SEK 5,463 million.

Operational Highlights

The increase in order intake primarily stems from enhanced operational efficiencies and a resilient market demand, particularly in key service areas and segments within the mining and construction industry. Sandvik's commitment to innovation and customer service has also played a crucial role in retaining existing customers while attracting new ones.

CEO Stefan Widing commented on the results, expressing optimism regarding Sandvik's operational strategies moving forward. He stated, "Our focused investments in technology and sustainable practices are paving the way for future growth as we adapt to changing market conditions."

Future Outlook

Looking ahead, Sandvik remains committed to delivering value to its shareholders through continued investments in advanced technologies and expand its product offerings. The positive financial performance from Q4 2024 sets a strong foundation for the upcoming business year.

Conclusion

The fourth quarter results signify a positive trend for Sandvik, showcasing the company's ability to navigate through market challenges successfully. Stakeholders are encouraged to stay updated through Sandvik's Investor Relations resources, where detailed financial information is consistently provided.

A live webcast and conference call discussing the Q4 2024 results will take place on January 23, 2025, at 10:00 AM CET, providing an opportunity for deeper insights into the company’s performance and prospects.

For further details and inquiries, interested parties can reach out to Sandvik Investor Relations at +46 70 782 63 74.