Summary
Swedish specialty steel and tool maker Sandvik reported sparkling second-quarter results yesterday as profits leaped 40 per cent, beating expectations thanks to surging demand led by North America. The firm, which has 1,400 employees in the UK, has production sites in the West Midlands, including Titex Tools at Halesowen and Sandvik Hard Materials at Coventry.
Its shares slipped 0.6 per cent in early trading, with analysts citing disappointment that profit margins at its main tooling unit were only in line with expectations.See the full content of this document
Extract
Us Demand Boosts Sandvik Profits 40pc
Sandvik reported pre-tax profits of ...
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