Alleima (Sandvik AB) Capital Markets Day Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Markus A. Almerud - Erik Penser Bank AB, Research Division - Analyst : Markus Almerud at Erik Penser Bank. To continue a little bit on the margin question. So looking at the average adjusted EBIT margin trend over time, it seems you've not actually increased the lower end of the adjusted margin trend looking back to 2012, '13, '14, whereas the reported margin has gone up, the lows are higher than they were before. So it just has to do with the contribution from metal prices. But does that has to do with the umbilical tubing being lower? And how would you expect for that margin trend to change once oil and gas actually comes back? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. AUGUST 23, 2022 / 8:30AM, SAND.ST - Alleima (Sandvik AB) Capital Markets Day Olof Bengtsson I think that the -- I mean, the oil and gas business is normally a fairly good business. So you should see a I think you should see it come back. But I would refrain from giving any specific numbers on the margin itself. But I think there is potential.

Question: Markus A. Almerud - Erik Penser Bank AB, Research Division - Analyst : Okay, my second question is on M&A, and maybe we'll come back to that, but you haven't spoken much about the M&A strategy if you have not spoken strategy on the M&A.