Sandvik AB Reports Earnings Results for the Fourth Quarter Ended December 31, 2018
January 21, 2019 at 01:30 pm IST
Sandvik AB announced earnings results for the fourth quarter ended December 31, 2018. For the fourth quarter, the company announced sales was SEK 25,968 million compared to SEK 23,929 million a year ago. Operating income was SEK 4,170 million compared to SEK 7,973 million a year ago. Net income was SEK 2,591 million compared to SEK 6,317 million a year ago. Basic earnings per share from continuing operations was SEK 2.27 compared to SEK 5.12 a year ago. Basic earnings per share was SEK 2.07 compared to SEK 5.04 a year ago. For the full year, sales was SEK 100,072 million compared to SEK 90,827 million a year ago. Operating income was SEK 18,689 million compared to SEK 18,073 million a year ago. Net income was SEK 12,714 million compared to SEK 13,174 million a year ago. Basic earnings per share from continuing operations was SEK 10.57 compared to SEK 10.54 a year ago. Basic earnings per share was SEK 10.14 compared to SEK 10.5 a year ago.