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Sandvik's earnings do not reach up to expectations

Verkstadskoncernen Sandvik reports a pre-tax profit of 4.2 billion kronor for the year's first quarter. It can be compared with the profit of 4.0 billion kronor in the corresponding period of last year.

Analysts had, according to the Reuters, on average, expected a profit before tax of sek 4.4 billion.

the result got a Sandvik, which is the first of george magnus, senior adviser to show the performance for the quarter, the weaker exchange rate, which lifted profits by a little over one-half billion crowns.

But the order intake developed strongly, up more than 2 billion to 27,9 billion, which was stronger than expected.

”the order Intake improved in all geographic regions, except Asia,” writes Björn Rosengren.

to 25,0 billion, from 23.7 billion kronor a year earlier, and new orders rose to 27,9 billion from 25.4 billion.

Sandvik's share price fell first with just over 2 per cent when the report was published but recovered the next direct to a weak plus.

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