Sandvik has reported revenues of SEK 20,439 million and operating profit of SEK 1,611 million in its interim Q3 report.

I am pleased with the development during the third quarter, which was an eventful three months,’ said president and CEO Björn Rosengren. ‘We achieved both earnings growth and margin improvement, despite negative organic growth. […]Although organic growth declined by -5%, the operating result improved by 13% compared with year-earlier period. The operating margin improved significantly to 13.3% (11.2), as we reap the rewards of ongoing efficiency programs and strict cost control. Even excluding the positive impact from changed exchange rates, earnings still showed an improvement.’

This story is reprinted from material from Sandvikwith editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.