Sandvik Q1 profit, sales beat consensus

Newswire

STOCKHOLM, May 6 (Reuters) - Swedish specialty steel and tools maker Sandvik beat market expectations on Thursday with its first-quarter sales and profits, saying sales volumes rose in all business areas.

Sandvik posted first-quarter pre-tax profit of 1.43 billion Swedish crowns ($191.1 million) compared with the 1.27 billion anticipated in a Reuters poll of a dozen analysts and the 1.28 billion in the same period of 2003.

Sales were 12.7 billion crowns compared with ...

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