Sandvik Q4 Net Income Rises

(RTTNews) - Sandvik (SDVKF.PK, SDVKY.PK) reported fourth quarter profit of 4.30 billion Swedish kronor compared to 4.26 billion Swedish kronor, prior year. Earnings per share, diluted, was 3.42 kronor compared to 3.39 kronor. Adjusted earnings per share, diluted, was 3.25 kronor compared to 3.22 kronor.

Fourth-quarter total revenues increased by 1% compared to last year and amounted to 32.15 billion Swedish kronor. At fixed exchange rates, revenues grew by 1%, of which organic development was flat. Total order intake increased by 5% compared to last year and amounted to 31.56 billion Swedish kronor. At fixed exchange rates, orders grew by 5%, and organically by 4%.

Full year 2024 profit amounted to 12.24 billion Swedish kronor compared to 15.30 billion Swedish kronor, prior year. Earnings per share, diluted, was 9.75 kronor compared to 12.18 kronor. Adjusted earnings per share, diluted, was 11.90 kronor, down 6%. Revenue was 122.88 billion kronor, down 3% from prior year.

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