SANDVIKEN, Sweden, Nov. 05, 2004 (PRIMEZONE) -- "Sandvik's growth in the third quarter was strong. Order intake rose by 26% at fixed exchange rates for comparable units and profit after net financial items rose by 43% to SEK 1,577 M. Higher sales volumes, improved capacity utilization and rationalization measures resulted in an increase in earnings for all business areas.
"The business climate remained favorable and the Group further improved its market positions. Demand rose in Europe, in particular in Germany and Eastern Europe. There was an increase in activity in the NAFTA area. Sales rose in Asia/Australia and in South America and the activity in Africa remained favorable at a high level," says Sandvik's President and CEO Lars Pettersson.
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