Sandvik Q2 earnings up 26% on efficiency savings, divestments

Swedish engineering group Sandvik reported a 25.87% increase in earnings for the second quarter of 2017 on Monday July 17.

The group’s earnings before interest, taxes, depreciation and amortisation (Ebitda) were SKr4.75 billion ($571 million) for April-June, compared with SKr3.77 billion ($453 million) in the corresponding three months of last year. “The second quarter was another three months of positive development as we achieved improvements in order intake, revenues, adjusted earnings and adjusted margins,” ceo Björn Rosengren...

Published

Lee Allen

July 17, 2017

18:50 GMT

London