The company's order volume increased 17 percent year-on-year to SEK 37.80 billion ($3.92 billion), while revenue increased 24 percent to SEK 36.75 billion ($3.81 billion). Adjusted EBITA increased by 48 percent to SEK 8.31 billion ($862 million), with the corresponding margin rising to 22.6 percent from 19.0 percent, and net income increased by 63 percent to SEK 5.24 billion ($543 million).
Sandvik's mining division achieved record organic order receipts and revenue during the quarter, with order receipts up 12 percent to SEK 20.05 billion ($2.08 billion) and revenue up 20 percent to SEK 18.53 billion ($1.92 billion). Adjusted EBITA increased by 21 percent to 3.79 billion Swedish kronor ($393 million), while margins increased to 20.5 percent. After-sales service orders increased organically by 17 percent, driven by spare parts, services, and digital mining technologies, while equipment orders increased by 2 percent.
High commodity prices continued to support mining investment during the quarter, especially in projects in abandoned fields, while high production rates and outdated equipment fleets supported demand for spare parts and maintenance services. Sandvik has received five large mining orders totaling 2.1 billion Swedish kronor ($218 million) with organic order acceptance
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