- Sandvik’s 2nd-quarter operating profit reported at SEK5.55 billion, missing the estimate of SEK5.84 billion.
- Operating margin stands at 17.7%, below the estimated 18.2%.
- Mining & Rock Solutions’ adjusted EBITA is SEK3.36 billion, slightly missing the estimate of SEK3.4 billion.
- Manufacturing & Machining Solutions’ adjusted EBITA is SEK2.58 billion, falling short of the estimate of SEK2.7 billion.
- Rock Processing Solutions’ adjusted EBITA exceeded expectations, reaching SEK409 million versus the estimate of SEK377.3 million.
- Overall revenue is SEK31.42 billion, narrowly missing the estimate of SEK31.62 billion.
- Mining & Rock Solutions’ adjusted EBITA margin met the expectation of 20.8%.
- Manufacturing & Machining Solutions’ adjusted EBITA margin is 20.5%, lower than the estimated 21.2%.
- Rock Processing Solutions’ adjusted EBITA margin is 15.1%, just below the estimate of 15.3%.
- After the report, Sandvik’s shares dropped by 3.1% to SEK208.60, with 995,205 shares traded.
- Analysts’ ratings include 15 buys, 9 holds, and 4 sells.
A look at Sandvik AB Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Sandvik AB appears to have a positive long-term outlook. The company received a solid score for Dividend at 4, indicating a good potential for dividend payments to shareholders. Additionally, Sandvik scored well in Resilience and Growth, both at 3, suggesting a stable performance and room for expansion. However, the Momentum score of 2 may indicate a slower pace in terms of stock momentum. Overall, Sandvik AB, a high-technology engineering group focusing on metalworking tools, rock excavation machinery, and stainless steel products, seems to present a promising prospect for investors.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
