Sandvik sales rise 2%
Sandvik reported invoiced sales for 2014 were SEK 88.8 billion ($10.8 billion), a 2 percent increase from 2013.
Profit for the year was SEK 5.99 billion ($724 million), reflecting a 20 percent gain from the prior year.
Sales in the fourth quarter rose 7.5 percent to SEK 23.39 billion ($2.8 billion), while profit improved to SEK 1.5 billion ($181 million).
"The underlying business activity remained largely unchanged compared with the preceding quarter, except for a slight increase in the level of caution being exercised by customers in the energy segment," said Sandvik chief executive Olof Faxander. "In the long term, we believe in the viability of our strategy to further grow our position in the energy segment, however short-term demand is likely to be hampered by a low and volatile oil price."
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
