Latest In Sandvik
Company appoints Bjrn Rosengren as replacement.
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Year-to-date sales up 9 percent year-over-year.
Profit decreases 72.5 percent in the first quarter.
Company's revenues improve 7 percent in the fourth quarter.
Sandvik Materials Technology also proposes closing UK die cutting sales office.
Sandvik Materials Technology will sell the business to a subsidiary of Beijer Alma.
Profit increases 1.1 percent in first quarter.
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Profit dropped significantly for quarter, full year.
Varel will form a new product area within the Sandvik Venture business area.
The strong Swedish krona adversely affected earnings.
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The company also announced new executive appointments.
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CEO: The company has aimed to reduce inventory over the past 12 months.
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Business areas were stable or slightly improved, except Sandvik Mining.
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