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Swedish manufacturer Sandvik reported sales for the second quarter were SEK 23.4 billion (US$3.6 billion), up 24 percent at a fixed exchange rate for comparable units. Profit increased 7 percent to SEK 2.2 billion (US$338 million).
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"The business climate continued to develop favorably during the second quarter. Order intake continued to increase compared with the preceding year as well as the preceding quarter, and higher invoiced sales and production volumes resulted in improved earnings,” says Olof Faxander, president and CEO.
Sandvik Tooling sales increased 24 percent (at fixed exchange rates for comparable units), with all major markets and order intake increased significantly compared with the year-earlier period.