Sweden’s Sandvik records 2017 earnings rise on mining demand

A rise in demand from the mining sector has led to a year-on-year improvement in the earnings of Swedish engineering group Sandvik, the company said this week.

Increased customer activity was primarily related to mining in the commodities of gold, silver, copper and zinc, while signs of improvement were noted in coal, Sandvik said, with the largest rise in order intake being in Australia.

Revenues at Sandvik’s Mining and Rock Technology division increased by 16.67% year-on-year in 2017, supported by strong order intake and favorable demand in the market for...

Published

Lee Allen

February 07, 2018

17:55 GMT

London