PROFIT & LOSS

Sandvik sees orders jump despite COVID

Swedish mining equipment maker Sandvik reported strong first-quarter growth in its rock processing and mining divisions.

Craig Guthrie
Sandvik saw strong momentum in mining

Sandvik saw strong momentum in mining

Orders in the company's mining and rock solutions segment rose 36% year-on-year to SEK10.4 billion (US$1.2 billion). Revenues rose 8% to SEK8 billion, resulting in a 13% higher adjusted operating profit...

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