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For the first nine months, invoiced sales increased 10.5 percent over the comparable period a year ago to SEK 59.4 billion (US$8.9 billion). The company reported a profit of SEK 4.76 billion (US$710.2 million), compared to a year-ago loss of SEK 2.49 billion (US$371.5 million).
During the third quarter, Sandvik Tooling posted a 39 percent gain, at fixed exchange rates, in both order intake and invoiced sales. Operating profit was SEK 961 million (US$143.4 million), but was negatively impacted due to exchange rates and nonrecurring costs, including the closure of a U.S. production unit.
For more on Sandvik and its operating segment results, click here.