The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Andreas Juhani Koski - Nordea Markets, Research Division - Analyst
: So I can start with a sort of follow-up on your cost savings because Tomas, you said that the SEK 1.1 billion that you had in temporary savings will
probably fade away by the end of the year. Can you give us some sort of sense what we should expect for the fourth quarter in terms of temporary
savings?
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OCTOBER 16, 2020 / 11:00AM, SAND.ST - Q3 2020 Sandvik AB Earnings Call
Question: Andreas Juhani Koski - Nordea Markets, Research Division - Analyst
: Okay. Understood. And then I would like to come back to Max's question about the mining aftermarket because I think in Q2, the mining aftermarket
was down 14%, but you said that June or at the end of June at least, I don't remember exactly, was flat. And then it seems like it deteriorated again
in the third quarter. So maybe if you can talk about the profile in the third quarter? And are we still running down like 10% in September and the
beginning of October as well for SMRT's aftermarket business?
Question: Andreas Juhani Koski - Nordea Markets, Research Division - Analyst
: I know we only have 2 questions, but I just want to check one thing, so we understand you correctly. When you are saying that your strategy is to
do bolt-on acquisitions and no larger deals. Is that true for SMS too? Or are you looking for larger deals in SMS?
Question: Olof Krook Larshammar - DNB Markets, Research Division - Analyst
: Olof Larshammar from DNB. 2 questions from my side. Firstly, it will be interesting to hear a little bit more about the background of divesting the
Exploration drilling business. And I know that profitability is weak compared to the other parts in SMRT. But isn't this very close to the other products
that you're offering? And my second question is relating to SMT and order intake has been a bit below sales during the last quarters. And if you
could elaborate a little bit about the order book going forward and especially on umbilicals? And if you have seen a trend of customer putting out
order delivery dates for those products?
Question: Joel Adam Spungin - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst
: Just quickly. I just was wondering if you could just sort of elaborate a little bit on the process of spinning SMT. I don't want to -- wish to seem
churlish, but obviously, you're saying it could take another 15 months or so. I mean given the internal separation is complete, I think if you go back
a year or before your time, Stefan, we were talking about having this process completed by the end of 2020. You're now talking early 2022. Why is
it that it's going to take so long from here, given a lot of the internal work's already been done?
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