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.
Summary
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Sandvik: Medium To Long-Term Outlook Remains Fundamentally Sound