EARNINGS PREVIEW: Sandvik Sales Seen Down 3.7% in 1Q
22 April 2014 - 8:17PM
Dow Jones News
Sandvik(SAND.SK): 1Q Earnings
Due:April 25 at 0600 GMT
Factset Survey of 13 Analysts
Average Revenue: SEK21.29B, down 3.7% (SEK22.10B in 1Q 2013)
Average Adjusted Operating Profit: SEK2.61Billion, down 3.3%(SEK2.70B in 1Q 2013)
Average Net Profit: SEK1.58B, up 10%(SEK1.43B in 1Q 2013)
Note: First-quarter sales are seen down 3.7% as demand for
Sandvik's products, aimed at the mining, construction, industrial
and energy sectors, remains low. Chief executive Olof Faxander
noted in the company's annual report, published on April 14, that
demand was "generally stable albeit at a relatively low level."
Focus will be on order intake, volumes and margins.
christina.zander@wsj.com)
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