Sandvik AB (LTS:0HC0)

kr 210.6 -2.3 (-1.08%) Market Cap: 265.93 Bil Enterprise Value: 313.38 Bil PE Ratio: 20.70 PB Ratio: 2.97 GF Score: 85/100

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Q3 2024 Sandvik AB Earnings Call Transcript

Oct 21, 2024 / 11:00AM GMT

Release Date Price: kr212.9 (-2.20%)

Transcript

Louise Tjeder

Sandvik AB - Vice President, Head - Investor Relations, Sandvik Group Spokesperson

Hi everyone. A warm welcome to Sandvik's presentation of the third-quarter results 2024. My name is Louise Tjeder, Head of Investor relations. Beside me, I have our CEO Stefan Widing, and CFO Cecilia Felton.

We will as we usually do start with the presentation, Stefan and Cecilia will take you through the highlights of the third quarter and after that, we will have time for your questions. So without further ado over to you Stefan.

Stefan Widing

Sandvik AB - President, Chief Executive Officer, Director

Thank you, Louise. Also from my side, welcome to our third-quarter report in 2024. If we summarize the quarter, I think we see a mixed demand environment and in that context, we deliver a stable top line this quarter.

We see solid momentum in our mining and software businesses. While the cutting tools have been negatively impacted by a weak macro environment.

Total order intake is flat year on year and organic growth was 2%. Total

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