Tomorrow is Sandvik’s Q2 release, and from what I’ve followed the company, it has always performed well when mineral prices are high. Mining activity is almost directly proportional to raw material prices, and therefore I expect excellent results and bright prospects. The sector should not be significantly affected by the economic slowdown at the moment.
The second quarter also saw that exceptionally large order to the US, which was mentioned in the previous message. Also noteworthy is that Sandvik is constantly recruiting a large number of additional employees in Finland, which speaks volumes about the outlook.
Clearly the most significant competitor, Epiroc, will release its own results on Friday. It will probably be good as well.