Sandvik has reported Q4 2019 revenues of SEK 26 583 million, compared to SEK 25 968 million in Q4 2018. Order intake of SEK 25 179 million, down from SEK 25 627 in Q4 2018.
‘In the fourth quarter, demand remained at a high level in the long-cycle mining and energy businesses, although a significant decrease was reported for our short-cycle businesses,’ said Björn Rosengren, president and CEO of Sandvik. ‘For Sandvik Machining Solutions, organic order intake decreased by 10%, with all three major regions noting a deterioration. In Sandvik Mining and Rock Technology, order intake remained at a high level, although a large order received in the year-earlier period impacted reported growth to -7%. Sandvik Materials Technology’s order intake increased organically by 6%, including large orders valued at 1.1 billion SEK for advanced tubular products related to the energy segment. However, a broad decline in customer activity in the short-cycle business was reported across the business area.’
This story uses material from Sandvik, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.