The stock fell sharply after the interim report, down just over 7 percent.
Sandvik reports adjusted operating profit of SEK 7.9 billion for the second quarter of this year. This compares with SEK 5.2 billion in the corresponding quarter last year.
The profit was higher than expected. Analysts had on average expected SEK 7.6 billion, according to Bloomberg.
"We reported a strong profit margin, which exceeded our target range, thanks to good volume development and price realization," CEO Stefan Widing says in a comment in the interim report.
Order intake increased by 17 percent to SEK 37.8 billion. Revenue rose 24 percent to SEK 36.8 billion, compared with the expected SEK 36.1 billion.
The average forecast for order intake was SEK 38.8 billion.
