Sandvik Q3 profit beat boosts shares

Alleima AB

17/10/2022 11:10

** Sandvik  SAND.ST  share rises 4% after the Swedish mining
equipment maker reported an estimates-beating profit for the
third quarter
    ** The company's adjusted EBIT for the quarter of SEK 5.52
billion came in about 10% ahead of Refinitiv poll, showing a
year-on-year increase of 27%
    ** The group's order intake reached SEK 29.2 billion,
exceeding SEK 28.09 billion estimate seen in Refinitiv poll
    ** Shares in Sandvik's recent spin-off Alleima  ALLEI.ST 
are down 6% after the former Sandvik Materials Technology unit
posted on Monday a loss for the quarter
 (Reporting by Agata Rybska)
 ((Agata.rybska@thomsonreuters.com))