Sandvik Q4 in line with consensus, ups payout

Newswire

STOCKHOLM, Feb 9 (Reuters) - Specialty steel and tool maker Sandvik posted fourth quarter profits in line with expectations on Wednesday and said it would pay 6.7 billion crowns to shareholders through dividends and share redemptions.

Sandvik posted a pre-tax profit of 1.79 billion Swedish crowns versus an expected 1.77 billion crowns and 1.21 billion in the corresponding quarter a year earlier.

Sales were 14.4 billion crowns against expectations of 14.3 billion in a ...

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