Annual Report
2018

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Year in brief

Highlights

Strengthened balance sheet enables growth

Several strategic acquisitions completed, including the metrology software company Metrologic Group

Sandvik Hyperion and the wire operations (welding wire and stainless wire) were divested

Investment in manufacturing plant for titanium and nickel powder

Inclusion in the 2018 Global 100 Most Sustainable Corporations Index and the 2018 Dow Jones Sustainability Index

Strong development in all customer segments and geographical regions

Record-high adjusted operating profit

Key Figures

Revenues, MSEK

100,072

Adjusted operating profit, MSEK

18,625

Earnings per share, SEK

10.57

Number of employees

41,670

Lost Time Injury Frequency Rate, LTIFR

1.7

Employees trained in Sandvik’s Code of Conduct, %

94
KEY FIGURES

Letter from the President and CEO

Business Areas

Sandvik Machining Solutions: Woman with a tooling systems for advanced metal cutting (photo)

Sandvik Machining Solutions

Sandvik Machining Solutions

A market-leading manufacturer of tools and tooling systems for advanced metal cutting.

Share of revenues

40%

Share of adjusted operating profit

53%

Divisions

  • Sandvik Coromant
  • Seco
  • Walter
  • Dormer Pramet
  • Sandvik Machining Solutions Supply
  • Additive Manufacturing
  • Applied Manufacturing Technologies
Sandvik Machining Solutions
Sandvik Mining and Rock Technology: Man infront of robot arm (photo)

Sandvik Mining and Rock Technology

Sandvik Mining and Rock Technology

A leading supplier in equipment and tools, service and technical solutions for the mining industry and rock excavation within the construction industry.

Share of revenues

43%

Share of adjusted operating profit

39%

Divisions

  • Underground Drilling
  • Loading and Hauling
  • Surface Drilling and Exploration
  • Crushing and Screening
  • Rock Drills and Technologies
  • Mechanical Cutting
  • Parts and Services
  • Rock Tools
  • Pedestal Drills
Sandvik Mining and Rock Technology
Sandvik Materials Technology: Female scientist (photo)

Sandvik Materials Technology

Sandvik Materials Technology

A leading developer and manufacturer of advanced stainless steels, powder-based alloys and special alloys for the most demanding industries.

Share of revenues

15%

Share of adjusted operating profit

7%

Divisions

  • Tube
  • Kanthal
  • Strip
  • Powder
Sandvik Materials Technology

 

Revenues by Customer Segment

Revenues by Market Area

United Nations Sustainable Development Goals

Sandvik is committed to the United Nations Sustainable Development goals (SDGs). Sustainable development is relevant in the business sense, for example, how Sandvik’s products and services help customers decrease climate impact.

UN SDGs
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Vision and strategy

Sandvik is creating value for its customers, shareholders, employees and other stakeholders based on its vision, strategy and core capabilities.

Vision and strategy
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Sustainability notes

This is the thirteenth consecutive year of Sustainable Business reporting for Sandvik.

Sustainability notes

Targets and target fulfillment

Sandvik’s financial targets in the period 2016–2018 focused on improved operating profit, higher returns and a strengthening of the balance sheet, while maintaining a generous dividend policy.

Financial information

This section includes: Financial statements, Significant accounting policies, Notes, Board statement on dividend proposal, Proposed appropriation of profits, Auditor’s report

Community engagement

Sandvik operates in communities around the world and actively contributes to corporate social responsibility. Many of our efforts in 2018 went into improving the health, education and safety of our many neighbors.

The official audited version of the Annual Report is the Swedish version.

(PDF:) Download Annual Report 2018 as PDF

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