2Q15 Operating profit at Sandvik Mining jumped 74% y/y to SEK786 million, according to the company’s half year report, on invoiced sales of SEK6.9 billion.
Favourable exchange rates contributed about SEK250 million to the operating profit compared to the same period last year, while structural savings for the quarter added another SEK53 million.
Order intake dropped 1%, however, to SEK6.8 billion with general business activity remaining weak for Mining Systems.
Mining equipment orders were most favourable in loading and hauling and underground drill rigs. One large order was also received by the Mining Systems division in South Africa for in excess of SEK600 million.
Written by Jonathan Rowland.
Read the article online at: https://www.worldcoal.com/mining/20072015/sandvik-releases-2q15-results-2584/