List of key data in the third quarter
Order quantity289.2.7 billionSwedish krona
At a constant exchange rate，The number of orders declined4%
Quarterly revenue314.7.6 billionSwedish krona
At a constant exchange rate，Quarterly revenue growth4%
Adjusted EBITDA（EBITA）63.1.2 billionSwedish krona
Adjusted EBITDA margin（EBITA）Profit margin20.1%
Adjusted EBIT58.1.5 billionSwedish krona
Adjusted EBIT margin18.5%
Adjusted profit before tax50.5.6 billionSwedish krona
Profit for the period3.9 billionSwedish krona
The adjusted profit is39.4.9 billionSwedish krona
Diluted earnings per share3.10Swedish krona
Adjusted diluted earnings per share3.14Swedish krona
Free operating cash flow58.Three billionSwedish krona
Message from the president
Stefan Widing
Sandvik President and Chief Executive Officer
I'm pleased with Sandvik's performance this quarter.。Despite a slowdown in business growth，ButWe have solid leverage and strong operating cash flow，Demonstrated great resilience.，This is a strong support for the transformation of our company.。We have continued to make progress in key strategic areas，ExpandedCAMProducts，And maintain a good pace of innovation.。Innovation is the core of our work.，It is also a lever to gain a leading market leadership position.。Our new blasthole drill andCoroCut® 2 Solutions，A successful example of improving productivity and sustainability for our customers。
Underlying demand for Sandvik Mines and Rock Technology was similar to the first half of the year。The medium and long-term structural growth momentum of the market remains unchanged，Due to the increasing uncertainty of the macro environment,，The market may be slightly cautious in the short term.。Organic order revenue decreased by 7% year-on-year.%，This is mainly due to the timing of large orders.。A large backlog of orders continues to support our growth.，Revenue grew by 9 percent%（At a constant exchange rate），Of which 8%It's organic growth。Our ground sector has maintained a steady momentum of development.，Sandvik has also been selected to supply automated drilling rigs to a large customer in Europe.。
In the current quarter，We have launched a rotary drill.，The performance of the rig is outstanding.，And that production efficiency is further improve.，And has the ability of automation.，May provide greater security、Reliable and productive production environment。At the same time，Our Digital Mining Technologies segment continued to deliver double-digit organic growth。
Sandvik rock processing technology is in strong demand in the mining business aftermarket，And the infrastructure market remains weak.。AcquisitionSPMining brings strong performance contribution，Contributing to a 26% increase in total orders%(At a constant exchange rate)。Organic order volume and revenue decreased by 8% year on year%。In the current quarter，We have introduced a fully electric heavy duty jaw Crusher，Significant improvement in customer productivity gains。
Organic orders for Sandvik Manufacturing and Processing Solutions fell 8% year on year%，The cutting tool sector reported a mid-single-digit decline.，High single-digit growth in the manufacturing solutions software segment。Strong demand in the aerospace sector，The prospect of the industry is optimistic。Due to weak market and low inventory，The demand of the automobile industry is relatively stable.，Demand for general engineering, on the other hand, is sluggish.。Compared to the third quarter，Daily order volume was steady in the first two weeks of October.。
Due to changes in the market，The demand of some customers is affected，Resulting in a decline in sales。However，Under such circumstances,，Sandvik still showed great resilience.，Good performance has been achieved.，The leverage ratio is stable，Profit margin is within target。
Look to the future，We cannot predict how the macro economy will develop.，But we believe Sandvik has the ability to deal with short-term headwinds.。Based on our decentralized operating model，Contingency plans are in place for all departments.，And will be activated as appropriate。Steadfastly implementing a turnaround growth strategy and flexible working practices，Enables us to capture the structural drivers of future growth，In the long run，I believe we will continue to maintain our leading market position.。
Highlights of performance in each business area
Sandvik Mine and Rock Technology
·Compared with the same period last year，Quarterly Revenue Growth 11%
·Launch of new blasthole drill，Excellent automation and environmental performance
·Strong growth in digital mining
·Aftermarket business accounted for 66% of revenues%，Equipment business accounts for 34%
Sandvik Rock Treatment Technology
·Compared with the same period last year，Order volume increased by 29%，Revenue increased by 22%
·Received 1.A large order of 500 million Swedish kronor
·After-market business accounted for 67% of revenues%，Equipment business accounts for 33%
Sandvik manufacturing and processing solutions
·Acquisition CAM Post-processing software developer Postability
·The order demand of automobile business is generally stable.
·Strong demand performance in the aerospace sector
