The 2020 Mid-Year Economic Update_long

Sandvik 2012 Sales Up 5%

North American demand was strong in the fourth quarter.

Swedish manufacturer Sandvik reported third-quarter invoiced sales were SEK 24.3 billion (US$2.8 billion), flat to the prior-year period. Profit fell 10 percent to SEK 726 million (US$113.8 million).

Activity in the fourth quarter in the aerospace, oil/gas and process industries remained at reasonably high levels, while the mining, construction and automotive industries were weak. Demand was strong in North America and improved from an already high level in Africa, but deteriorated in other major markets.

For the full year, invoiced sales for Sandvik were SEK 98.5 billion (US$14.4 billion), an increase of 5 percent from the prior year. Profit increased 38 percent to SEK 8.1 billion (US$1.3 billion).

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.


articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.