Manufacturing giant Sandvik’s report was consistently strong. Adjusted sales for the fourth quarter were SEK 4,066, which was 9 per cent better than analysts’ expectations and the group’s total orders of SEK 24.1 billion were 4 per cent above expectations.
CEO Björn Rosengren comments, “All segments, all regions and all business areas are performing strongly.” He adds that the company is not worried about whether this is sustainable but is always prepared for tougher times. “We have not invested in more capacity, and have the lowest degree of investment that we have had at Sandvik, under 4 per cent of sales. We continue to close factories and improve efficiency.”
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