Sandvik Distributes Proforma Numbers for Sandvik Mining and Rock Technology

SANDVIKEN, Sweden, Jan. 10, 2020 /PRNewswire/ — Sandvik announced on 28 October 2019 that the agreement to divest the majority of Drilling and Completions (Varel) was signed. As earlier stated, the related write-down impacted the net profit in the fourth quarter of 2019 by -3.9 billion SEK, out of which -4.2 billion SEK impacted operating profit negatively whilst impact on taxes was positive by +0.3 billion SEK.