Sandvik's mining and rock solutions segment reported a 36% rise in order intake to a value of SEK10.4 billion (US$1.2 billion). Revenues rose 8% to SEK8 billion, resulting in a 13% higher adjusted operating profit of SEK1.6 billion.
The company pointed to a "record-high" order intake in load and haul, underground drilling and surface drilling.
The company's rock processing segment saw order intake rise 28% to SEK2 billion, and revenues increase 19% to SEK1.7 billion, giving an adjusted operating profit of SEK283m - 36% higher than last year.
Regionally, the company saw a 1% decline in the order intake in Europe, but a rise of 5% in North America and 26% in Asia.
"We continued to see strong momentum in mining with accelerating demand for our equipment, parts and services," said Stefan Widing, chief executive, at the launch of the interim first-quarter report.
"The order intake level for Sandvik Mining and Rock Solutions was at an all-time high, driven by organic growth of 36% year on year."
The company saw historically high order intake levels in its Load and Haul, Underground Drilling and Surface Drilling divisions, said Widing.
"While the pandemic and its consequences are still not behind us, and our business still face uncertainties, market conditions and global output trends are positive and we can conclude a quarter with positive momentum, a shift to growth and a solid set of results."
