Sandvik AB reported a 63 percent jump in second-quarter profit to 5.236 billion Swedish kronor, driven by double-digit organic growth in both order intake and revenues. Order intake climbed 17 percent to 37.799 billion kronor, while revenue rose 23.7 percent to 36.752 billion kronor, with organic growth of 17 percent and 23 percent respectively. Adjusted EBITA increased 48 percent to 8.306 billion kronor, yielding a margin of 22.6 percent. The company reconfirmed its long-term financial targets for the 2025–2030 strategy period, including 7 percent growth through a business cycle and an adjusted EBITA range of 20 to 22 percent. Despite the strong results, shares fell 6.46 percent in Stockholm to 348.80 kronor.
Sandvik ABShares fell 6.46% despite strong earnings, likely due to profit-taking or market disappointment with guidance.