Sandvik AB (LTS:0HC0)
kr 201.975 -1.1 (-0.54%) Market Cap: 254.77 Bil Enterprise Value: 302.22 Bil PE Ratio: 21.88 PB Ratio: 2.97 GF Score: 80/100
Back to the Transcripts List

Q2 2024 Sandvik AB Earnings Call Transcript

Jul 19, 2024 / 10:30AM GMT
Release Date Price: kr213.1 (-1.52%)

Key Points

Positve
  • Sandvik AB (SDVKF) reported a stable financial performance despite mixed demand across different sectors.
  • Order intake growth was 2% in total, with a 3% positive organic growth.
  • Savings from restructuring programs amounted to SEK275 million in the quarter.
  • The company expanded its market presence in China with the acquisition of Suzhou Ahno and in the US with PDQ.
  • Double-digit growth was observed in the software businesses, particularly in mining and manufacturing solutions.
Negative
  • Revenues declined by 3% in total, with a negative 2% organic growth.
  • Adjusted EBITDA decreased by 7% versus last year, corresponding to a margin of 19.6%.
  • General engineering and automotive sectors experienced a decline in demand.
  • Infrastructure demand remained weak, with regional variations.
  • The margin was impacted by lower volumes and cost inflation, leading to a year-over-year dilution.
Louise Tjeder
Sandvik AB - Vice President, Head - Investor Relations, Sandvik Group Spokesperson

Hello, everyone, and a warm welcome to Sandvik's presentation of the second-quarter results 2024. My name is Louise Tjeder, Head of Investor Relations here at Sandvik. And beside me, I have our CEO, Stefan Widing; and CFO, Cecilia Felton.

We will start with the presentation. Stefan and Cecilia will take you through the highlights of the quarter, and after that, we will move on to the Q&A session.

And with this short introduction, I will hand over the word to you, Stefan.

Stefan Widing
Sandvik AB - President, Chief Executive Officer, Director

Thank you, Louise. And also from my side, welcome to the second-quarter report for Sandvik in 2024. If we summarize the quarter, we saw a stable development in the quarter, but the demand picture was mixed. We saw robust demand in mining and aerospace, while general engineering and automotive declined, and also, infrastructure remained weak, but with some regional variations that I will come back to.

Already have an account? Log in
Get the full story
Start 7-Day Free Trial
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot
Research Tools
All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board
Product
Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文
Education
Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation
Company
About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program
Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey
Follow Us
download GuruFocus on Apple store download GuruFocus on Google Play
Disclaimers
GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.
© 2004-2024 GuruFocus.com, LLC. All Rights Reserved.