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SDVKY - Sandvik: Medium To Long-Term Outlook Remains Fundamentally Sound
Sandvik AB ADR
2024-01-30 05:19:00 ET
Summary
Sandvik's revenue in 4Q23 grew by 1%, with organic growth in the mining segment and declines in manufacturing and rock processing.
I expect revenue will accelerate to 6% in the future, with growth in FY25 and FY26 and expanding EBITDA.
The company is well-positioned to take advantage of industry tailwinds such as automation and BEV adoption, and the ongoing restructuring program is expected to generate savings.