Sandvik Q1 Profit Up 4%, Orders +23%

Sandvik AB reported Q1 net profit of SEK 3.88 bn, a 4% increase year‑on‑year.
Order intake rose 12% to SEK 36.76 bn, representing a 23% organic growth at fixed exchange rates.
Adjusted EBITA grew 6% to SEK 6.14 bn, with margin improving to 20% despite a 240‑bp currency drag.
Mining division posted record order intake up 22% organically, while Machining’s powder business more than doubled orders.