Sandvik AB reports 2nd quarter/half-year results

News
July 30, 2013

July 30, 2013

Sweden’s Sandvik AB reported that the business climate during the second quarter of 2013 remained largely unchanged for most of the company’s customer segments and regions. The demand in Europe improved somewhat compared with the preceding quarter, partly driven by the positive performance in Russia. North America remained stable at a high level whilst demand in South America was said to be varied.

Total invoiced group sales for the 2nd quarter to end of June 2013 amounted to SEK 23,043 million, down 6% on the same period in 2012. Invoiced sales for the first half of 2013 amounted to SEK 45,142 million, down 5% in fixed exchange rates for comparable units. Operating profit was reported as SEK 5,518 million (SEK 8,031 million in same period in 2012), with a margin of 12.2% of invoiced sales.

Market activity for Sandvik Machining Solutions, the largest segment in the group, which includes production of cemented carbide cutting tools, remained largely on par with the 1st quarter. This segment contributed SEK 14,258 million in sales, down 3%, in the January to June period, whilst Sandvik Materials Technology reported invoiced sales of SEK 7,738 million.

Sandvik Venture, which includes superhard and hard materials based on cemented carbides, cubic boron nitride, and synthetic diamond, as well as tungsten and tungsten carbide powder producer Wolfram, reported invoiced sales of SEK 2,603 million – up 4% on the 1st quarter but down 10% on the same period in 2012.

It was decided in the 2nd quarter to form a new product area within the Sandvik Venture segment combining Diamond Innovations and Sandvik Hard Materials. The new product area will have approximately 1,800 employees and will bring together resources within R&D, sales and marketing for superhard and hard materials.

www.sandvik.com 

 

News | Articles | Market reviews | Search directory | Subscribe to e-newsletter

News
July 30, 2013

In the latest issue of PM Review…

Download PDF

Extensive Powder Metallurgy industry news coverage, and the following exclusive deep-dive articles and reports:

  • From powder modification to rejuvenation: Fluidised Bed Reactors in metal powder production and Additive Manufacturing
  • Retech: Enabling the atomisation of reactive and refractory alloys at substantially higher levels of productivity and lower cost
  • Sustainability in Powder Metallurgy: Highlights from the 41st Hagen Symposium
  • Innovations from Japan’s Powder Metallurgy industry: award winners highlight novel automotive and healthcare applications

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of PM Review, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

Join our community

Discover our magazine archive…

The free-to-access PM Review magazine archive offers unparalleled insight into the world of Powder Metallurgy from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

 

Browse the archive

 

Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of PM Review magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
View online
Share via
Copy link