Sandvik AB Interim report third quarter 2011
- 01 November 2011
- Company & Industry News
Interim report third quarter 2011.
STRONG ORDER INTAKE BUT ONE-OFF ITEMS IMPACTED EARNINGS
- Order intake 24,825 MSEK
- Invoiced sales 23,528 MSEK
- Operating profit 1,665 MSEK
- Operating margin 7.1%
- Adjusted operating profit 3,378 MSEK
- Adjusted operating margin 14.4%
- Cash flow from operations SEK +2,614 M
- Announced personnel reduction
*Operating profit and margin adjusted for goodwill write-down and restructuring costs.
This interim report was prepared in accordance with IFRS, applying IAS 34, Interim Financial Reporting. The same accounting and valuation policies were applied as in the most recent annual report with the exception of new and revised standards and interpretations effective from 1 January 2011. These changes have not had any significant impact on Sandvik’s financial statements.
A combined presentation and teleconference will be held on 1 November 2011 at 14.00 CET at Operaterrassen in Stockholm. Information is available at www.sandvik.com/ir.
Sandviken 1 November 2011
Sandvik Aktiebolag (publ)
President and CEO
Sandvik discloses the information provided herein pursuant to the Securities Market Act. The information is submitted for publication on 1 November 2011 at 08.00 am CET.