Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Sandvik mining expects an impact of about SEK 60mn ($7.2mn) on its operating profit in Q1 2021 because of the current currency rates, inventory levels and metal prices at the end of December 2020. 


Based on its interim report, the group’s order intake in 2020 dipped by 12pc to SEK 86bn from SEK 104.2bn in 2019. Its revenue also fell by 11pc in 2020 to SEK 86.4bn from SEK 103.2bn in 2019. The group’s operating profit was down by 16pc in 2020 to SEK 11.2bn from SEK 13.3bn in 2019. 


In Q4 2020, the group’s order intake declined by 2pc to SEK 22bn compared to SEK 25.1bn in Q4 2019 while its revenue dropped by 6pc to SEK 22.4bn in Q4 2020 from SEK 26.5bn during the same quarter in 2019. The group’s operating profit in the fourth quarter of 2020 rose to SEK 3.4bn from SEK 744mn in Q4 2019. 


Its EBITA in the fourth quarter of 2020 dropped to SEK 5.2bn from SEK 5.8bn in Q4 2019, according to the firm’s interim report. 


At the Sandvik Manufacturing and Machining solutions it order intake in Q4 2020 dropped by 14pc and revenues fell by 17pc from Q4 2019. The order intake at Sandvik materials technology declined by 35pc in the fourth quarter of 2020 and revenues were down by 14pc from Q4 2019. Order intake at Sandvik mining and rock technology increased by 2pc in Q4 2020 while revenues fell by 11pc compared to Q4 2019. 


$1 = SEK 8.29

Leave a Reply

Your email address will not be published.