Engineering group Sandvik's profit up in third quarter despite 'weakening' market dynamics

- Sweden-based global engineering group Sandvik today reported total revenues from continuing operations of SEK 31,476 million in Q3 2023 and total order intake of SEK 28,927 million .

In a statement, the company said it has seen “weakening” market dynamics in some of its customer segments leading to lower volumes. “We demonstrated resilience with solid leverage and strong operating cash flow, clear evidence of the transformation we have made as a company,” said President and CEO Stefan Widing.

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