- (PLX AI) - Sandvik shares fell more than 3% after the company's second-quarter profit missed expectations despite strong orders and sales.
- • Q2 adjusted EBITA margin of 19% was below consensus of 19.9% as price increases lagged cost inflation
- • The margin missed because of Sandvik's inability to compensate for inflation and freight costs, SEB analysts said
- • Orders were again solid, while adjusted EBITA was slightly on the low side despite better-than-expected shipments, Carnegie said
- • Another weak point was the cashflow, with a meaningful build up of inventory due to strong backlogs and substantial supply chain disruptions: Carnegie
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